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Essar Oil acquires BP assets to strengthen network

The Essar Oil UK Group has acquired a number of assets from BP to strengthen its logistics infrastructure network for supplying service stations.

There are currently 67 Essar-branded service stations across England and Wales, and the company has confirmed plans to grow its network to 400 retail sites over the next five years.

Under the agreement, Essar will acquire an equity stake in the UKOP pipeline, a share of the contractual joint venture (with Shell) which runs the Kingsbury Terminal and a 100% interest in the Northampton Terminal.

The acquisition of these BP assets further demonstrates the company's ongoing commitment to investing in and growing their businesses within the UK.