Tag Archives: $850

Nayara Energy to invest $850 mn to expand into petrochemical business

Russian oil giant Rosneft-led Nayara Energy on Friday unveiled a USD 850 million expansion plan for its Vadinar refinery in Gujarat, marking its foray into the petrochemical business. Nayara Energy, erstwhile known as Essar Oil, operates a 20 million tonnes a year oil refinery at Vadinar. In the first phase, the company plans to set up a 450,000… Read More »