Strong Refining Margins Triple Essar Oil's Quarterly Operating Earnings

摘要

Essar Oil Limited, among the Essar Group of companies, reported quarterly results on January 17 showing its operating earnings nearly tripled for the period ended December 31, 2010. "This growth can be attributed to increased GRMs (Gross Refining Margins)," the company said in an earnings statement.Along with the stellar operating results report, Essar's chairman relayed plans for its refining segment in 2011.