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10-03-2014

Essar Energy denies plans to close Stanlow refinery

With reference to recent press reports, Essar Energy plc denies that it has any plans to close its Stanlow refinery. The Stanlow refinery is well positioned to supply UK fuel demand, given its advantageous location and following recent upgrading work to optimise product output. The refinery is supported by integration into extensive pipeline logistics and good road links to access local and regional markets.

Essar Energy and the entire transport fuel supply industry are working together with the UK Government to improve the resilience of UK refineries and importers.

Essar Energy has embarked on an estimated US$100 million cost improvement programme at Stanlow to ensure the business is able to weather this period of exceptionally poor refining margins. This programme has the support of Essar Energy plc, management and our employees.

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