Essar and Abu Dhabi’s IRH sign $500 million crude supply deal for Stanlow refinery

Essar and Abu Dhabi’s International Resources Holding (IRH) have signed a deal valued at $500 million. The agreement secures a long‑term crude oil supply for the Stanlow refinery. Stanlow, located in the United Kingdom, processes a significant portion of the nation’s fuel needs. The partnership aims to stabilise feedstock availability for the refinery’s operations. Both parties expect the deal to strengthen their commercial ties in the energy sector. The contract is expected to support the refinery’s output and profitability. Details of the supply volume and duration were not disclosed in the announcement. The deal underscores ongoing investment activity in global oil markets.