News Brief | November 2013
Essar Energy to exit Kenya Petroleum Refineries
Essar Energy announced that it intends to exit from its 50 per cent owned joint venture business Kenya Petroleum Refineries (KPRL), which operates the oil refinery in Mombasa, Kenya. Essar Energy, through its subsidiary Essar Energy Overseas Limited, has exercised a put option under the shareholders' agreement to sell its stake in KPRL to the Government of Kenya, which owns the remaining 50 per cent interest in the Mombasa refinery.