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Shell and Essar talk

THE SUNDAY TIMES

Shell and Essar talk

Royal Dutch Shell is considering buying a 10% stake in Essar Oil. The Indian group is in talks to buy three of the oil giant’s refineries, including at Stanlow near Ellesmere Port, Cheshire. The potential $365m (£221m) investment is being discussed as part of that transaction and would give Shell a stake in a group in one of the world’s fastest-growing markets.

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