After acquiring Esaar Oil in August, the Rosneft-led consortium is planning clamly and taking fsharp but steady steps in expanding its retail business along with oil suppy.
After acqusion and revealing the plan for future, Rosneft expects dividends from its recent investments to come into picture by the second half of 2018.
Rosneft acquired Essar with the help of Trafigura-UCP Investment Group . The acquisition came with refinery and the related assets, along with the port infrastructure in India.
At present Essair Oil is operating over 3888 retail stores as compared to 3500 in October 2017. However, dealers dont seem to be happy as no price has been changed.