S B Prasad, Chief Commercial Officer at Essar Oil UK, added: "This deal firmly demonstrates our commitment to achieve further growth in the aviation sector in support of our airline partners."

This new agreement with Etihad Airways is the latest development in Essar Oil UK's strategy of downstream integration, which has also seen a successful entry into the UK fuel retail market with the opening of 33 Essar branded service stations to date.

Looking forward, Essar has also committed to a significant multi-million dollar capital investment in major improvements to key units at Stanlow to deliver further reduction in crude oil costs and improved yields across the finished product range.

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