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BRIEF-Essar Oil UK exec: dependence on North Sea crude to come down by up to 70 pct
September 6, 2017 / 9:49 AM / 18 days ago

BRIEF-Essar Oil UK exec: dependence on North Sea crude to come down by up to 70 pct

Sept 6 (Reuters) -

* Essar Oil UK exec says intend to strongly grow in jet fuel business through Stanlow refinery products

* Essar Oil UK exec says to diversify crude basket after expansion

* Essar Oil UK exec says expansion to raise GRM by $1 a barrel

* Essar Oil UK exec says we will look at increasing petchem capacity by another 10 percent

* Essar Oil UK exec says Brexit has benefitted the refinery due to fall in exchange rates

* Essar Oil UK exec says started ordering oil cargoes from the U.S.

* Essar Oil UK exec says expects to get 1 U.S. Oil cargo each in Oct and Nov

* Essar Oil UK exec says to expand fuel retail network in the UK to 400 in next five years

* Essar Oil UK exec says dependence on North Sea crude come down to 50-70 percent from 85 percent (Reporting By Promit Mukherjee in MUMBAI and Nidhi Verma in NEW DELHI)

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