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Essar Group, IRH Announce $500mn Strategic Crude And Product Facility

Essar Group and International Resources Holding (IRH) has announced the successful execution of a USD 500 million crude sourcing facility and product supply facility between Essar Energy Transition Fuels and IRH Global Trading.

IRH, headquartered in Abu Dhabi, UAE, is a global mine-to-market platform that strategically invests in minerals critical to the energy transition and technological advancement. IRH Global Trading is a wholly owned subsidiary of IRH, and a key global energy trading and liquidity provider.

The facility enables Essar Energy Transition Fuels to diversify the crude sourcing and marketing options for its products while optimizing its working capital arrangement. It also strengthens feedstock security in an increasingly volatile global energy market, enhancing Essar Energy Transition Fuel’s ability to respond to changing market conditions and capture value across its refining and trading activities.

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