Essar Energy Plc

Entity type image
Type: Company
Name: Essar Energy Plc
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Essar Energy Receives “Neutral” Rating from JPMorgan Chase (ESSR)

Essar Energy (LON: ESSR) ‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 150 ($2.36) price objective on the stock. ... [Published The Utah People's Post - 22 hours ago]
First reported Jun 13 2013 - Updated Jun 13 2013 - 1 reports

Kenyan oil refinery workers end protest as plant’s future lies in balance

MOMBASA — Workers at East Africa’s only oil refinery, sited on Kenya’s Indian Ocean coast, ended a protest on Wednesday after a meeting was convened to reconsider the possible closure of the plant.They had earlier barricaded the entrance to the plant ... [Published BDlive - Jun 13 2013]
Entities: Refinery, Protest, Workers
First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Standard Chartered may suspend financing deal with Kenya Refinery

UK-based Standard Chartered Bank which signed a $350 million financing arrangement with Essar Energy's Kenya Petroleum Refineries Limited (KPRL) last June has threatened that it would suspend the same over rising defaults by the refinery.Owing to severe ... [Published Smart Investor - Jun 11 2013]
First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Mahan coal output still a year away

Once production is started, it takes usually three years to ramp up the output, which is expected to be 8.5 million metric tonnes from the Mahan block.Production from the Mahan coal block – on which the profitability of two main projects of Essar Energy ... [Published DNA India - Jun 11 2013]
First reported Jun 05 2013 - Updated Jun 05 2013 - 1 reports

ESSAR ENERGY: The bullish trend continues

Opinion : Bullish above 142 GBpTarget price : 149 GBpStop loss: 139.6 GBpLONDON STOCK EXCHANGEEssar Energy is trading in a bullish trend and several elements argue for the continuation of this trend.The company’s fundamentals are still strong. The company ... [Published 4 Traders - Jun 05 2013]
First reported May 22 2013 - Updated May 23 2013 - 1 reports

Essar Energy takes out US$1 billion loan

Enters into agreement with China Development Bank and PetroChina.Essar Energy Plc and its refining subsidiary, Essar Oil, have entered into a memorandum of understanding with both Chinese firms that will enable it to raise over US$1 billion of funds as ... [Published Asian Power - May 22 2013]
First reported May 21 2013 - Updated May 22 2013 - 2 reports

『 Essar Energy, 19 others ink $1.5-bn deals with Chinese cos 』

Essar Energy and China Development Bank and PetroChina International Co inked a USD 1 billion loan for the oil major, according to the MoU sheet provided out by the event organiser, CII.Domestic and Chinese firms signed as many as 20 trade and trade finance ... [Published ECF - May 22 2013]
First reported May 21 2013 - Updated May 22 2013 - 3 reports

Free trade pact on China lips

New Delhi, May 21: China is keen to start talks on a free trade pact with India and has offered greater market access to narrow down a ballooning trade deficit. ?We also understand India?s concerns about trade deficit. China never has the intention to ... [Published Calcutta Telegraph - May 22 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Essar Energy signs $1 billion loan deal with China

The loan pact with Chinese banks will be backed by the supply of refined products from Essar Oil's Vadinar refinery in Gujarat. This will be a kind of export advance which the company will use to cut its debt. ... [Published Business Today India - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 6 reports

Essar Energy, 19 others ink $1.5-bn deals with Chinese cos

c and Chinese firms signed as many as 20 trade and trade finance pacts here today totalling USD 1.5 billion with Essar Energy topping the deal sheet with a USD 1-billion loan agreement with China Development Bank and PetroChina International.Of the 20 ... [Published Financial Express - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 2 reports

Kenya to decide next week on future of Mombasa refinery

By MOMBASA, May 21 (Reuters) - The future of east Africa's only oil refinery could be decided next week when a report is due on whether to upgrade the aging Kenyan plant or turn it into a storage facility, the country's energy regulator said on Tuesday. ... [Published Sharenet - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 2 reports

FTSE 250 movers: Homeserve gains on growth predications

LONDON (ShareCast) - Homeserve (Other OTC: HMSVY - news) shares were rising strongly after the group said it is confident it will return to modest growth in 2014/2015. The group said it has clear Sales and Marketing plans for increasing both customer ... [Published Yahoo! UK and Ireland - May 21 2013]

Quotes

"This is intended to facilitate the private sector to create jobs consistent with the commitment of the new administration to improve the business environment" Mr Rotich said. Part of the money will also be used for construction of the first three berths and associated infrastructure of the Lamu Corridor
Analysts at Espirito Santo said: "We believe Dixons is still in the early stages of a recovery and that profit before tax could double over the next two years." Results/Updates: Ashtead, Dixons Retail, Go-Ahead, Gulf Keystone Petroleum, Ted Baker, SABMiller
"Where traders see a shift away from ‘secure’ expectations of growth driven by unlimited QE, towards one in which the future is less certain, it was always likely to bring about a negative response from the markets. Until the markets return the a scenario where expectations are more certain and stable, the current volatility is likely to become a continued characteristic of markets."
...typically refines 4,500 metric tonnes of crude per day, but this had fallen to 2,500 tonnes or less due to reduced buying by oil marketers. "We are not able to recover the costs of production" he said

More Content

All (79) | News (76) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Stock Analysts’ Ratings Reiterations for June, ... [Published American Banking News - 21 hours ago]
Essar Energy Receives “Neutral” Rating from JPM... [Published The Utah People's Post - 22 hours ago]
Kenya’s fuel costs may soar on refinery spat [Published BDlive - Jun 18 2013]
The Week Ahead: A toast to Majestic despite fla... [Published The Independent - Jun 17 2013]
London close: MPC's McCafferty warns against co... [Published London South East - Jun 14 2013]
FTSE 250 movers: Resources lead the rise after ... [Published BullBearings - Jun 14 2013]
London midday: Stocks slip after EU jobs data [Published Coutts Woman - Jun 14 2013]
Workers Struggles: Europe, Middle East & Africa [Published World Socialist Web Site - Jun 14 2013]
Kenyan oil refinery workers end protest as plan... [Published BDlive - Jun 13 2013]
Mid June downstream news update [Published Energy Global - Jun 12 2013]
Kenya refinery workers protest again over possi... [Published Yahoo! UK and Ireland - Jun 12 2013]
Standard Chartered may suspend financing deal w... [Published Smart Investor - Jun 11 2013]
Mahan coal output still a year away [Published DNA India - Jun 11 2013]
NMDC in mining pact with Zimbabwe's Mosi Oa [Published domain-b - Jun 10 2013]
Indian miner NMDC inks MOU for mineral developm... [Published Platts - Jun 10 2013]
Myanmar allows access to Indian airlines [Published The Hindu - Jun 09 2013]
Workers dispute threat to close Kenya refinery [Published Uganda Daily Monitor - Jun 07 2013]
Indian companies, banks plan to invest in Myanmar [Published Economic Times - Jun 06 2013]
India seeks wider access to Myanmar banking sector [Published Hindu Business Line - Jun 06 2013]
Zambia: Konkola stops retrenchments [Published IOL - Jun 06 2013]
Premier Energy&Water : Portfolio Update [Published Investegate - Jun 06 2013]
New franchise permits, April 14-20 [Published Ultimate Katy - Jun 05 2013]
New franchise permits, April 21-27 [Published Ultimate Katy - Jun 05 2013]
Kenya refinery workers protest possible closure... [Published Reuters India - Jun 05 2013]
Early June downstream news: Africa, Asia and th... [Published Energy Global - Jun 05 2013]
ESSAR ENERGY: The bullish trend continues [Published 4 Traders - Jun 05 2013]
HazardEx interview: Chris Hunt, Director Genera... [Published HazardEx - Jun 04 2013]
The expected closure of the refinery was long o... [Published East African Standard - Jun 03 2013]
FTSE 250 movers: Tullett Prebon and ICAP jump ... [Published Live Charts UK - May 30 2013]
Kenya's refinery to double oil handling capacit... [Published Business Recorder - May 28 2013]
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Drumbeat: April 5, 2013 [Published The Oil Drum - Discussions about Energy and Our ... - Apr 05 2013]
Europe to Shut 10 Refineries as Profits Tumble Oil refiners in Europe will shut 10 percent of their plants this decade as fuel demand falls to a 19-year low. Of the region’s 104 facilities, 10 will shut permanently by 2020 from France to Italy to ...
G-20 Legalized The Theft. [Published London Irvine Report - Apr 05 2013]
br />!--[if gte mso 9]>Normal 0 falsefalse false falseEN-GB X-NONE X-NONE<![endif]-->!--[if gte mso 10]> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; ...
Financial Times - Energy 2/12 [Published Michele Kearney's Nuclear Wire - Feb 12 2013]
FT.com - Energy   EDF seeks state backing on nuclear site http://link.ft.com/r/S4XZQQ/9MDMVF/FXWIVG/62H54Y/A5RM4Q/SN/h?a1=2013&a2=2&a3=12   Companies hit by Venezuela move http://link.ft.com/r/S4XZQQ/9MDMVF/FXWIVG/62H54Y/Q3CNPM/SN/h?a1=2013&a2=2&a3=12 ...
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