July 12, 2023 [Petrolplaza]-Essar to expand fuel distribution into new markets beyond its traditional North West and Midland regions.
Essar Oil (UK) has signed an agreement with Oikos Storage to expand its operations into London and the South East of England.
Essar will store and distribute middle distillate fuels at Oikos’ Canvey Island facility to serve the Thames region. The agreement will leverage Oikos’ connectivity to the United Kingdom Oil Pipeline (UKOP) system to supply the Northampton and Midlands regions.
“This Agreement represents a significant step in Essar’s strategic downstream ambitions, boosting capacities and ability to meet demand at Northampton and Kingsbury. We are delighted to be working with Oikos to gain access to the largest market in the country, leveraging our strong automotive fuel expertise to serve existing and new markets across London and the South East,” said Deepak Maheshwari, CEO of Essar Oil UK.
Currently diesel and jet fuels are pumped from the Stanlow refinery to the Midlands and Northampton regions along the UKOP system. As a result of this agreement, Essar’s imports of middle distillates will be pumped from Oikos to Northampton and the Midlands regions, providing significant supply resilience and increasing Essar’s security of supply proposition.
12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data