Company Profile

Name: Essar Oil

About us: Essar Oil is a fully integrated oil & gas company of international scale with
strong presence across the hydrocarbon value chain from exploration & production to
refining and oil retail.

Location: Vadinar, Gujarat, India,

Owner: Rosneft

History: Essar began as a construction company in 1969 and diversified into

manufacturing, services and retail. Over the last four decades, it has grown through
strategic global acquisitions and partnerships, or through Greenfield and Brownfield
development projects, capturing new markets and discovering new raw material
sources.

Today, the company has expanded its global footprint, focusing on markets in Asia,
Africa, Europe and the Americas.

Revenue: 983.53 billion (US$15 billion) (2014)

Net Income: 21.55 billion (US$340 million) (2011)

Total Assets: 210.84 billion (US$3.3 billion) (2011)

Products: Petroleum, fuels, natural gas and other petrochemicals

Retail and Marketing: Essar Oil serves retail customers in India through a modern,
countrywide network of over 2,100 operational retail outlets and about 2,800 more
under various stages of commissioning. We were the first private Indian company to
enter petro-products retailing, looking beyond urban markets and reaching out to
consumers in India's heartland.

Tie-ups with other Indian oil marketing companies gives Essar Oil access to the
products and the right to use their terminals and facilities for placing and marketing our
products. This gives the company pan-India presence with more than 30 supply
locations.

We offer a wide range of products to bulk customers in the industrial and transport
sectors. Essar Oil has product offtake and infrastructure sharing agreements with all the
oil PSUs (the state-owned public sector units), namely Bharat Petroleum Corporation
Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation
(IOCL). We have received approvals to supply ATF to the Indian Armed Forces.

Safety: Essar Oil is committed to achieving excellence in Health, Safety & Environment

(HSE) and community engagement. Excellence through providing and maintaining safe

and healthy working conditions and following the best operating practices to protect the

environment.
Our goal is to have no harm to people, to maintain a sustainable environment and to

institutionalise a culture of safety in the organisation.

We will make continuing efforts to:

Demonstrate visible commitment towards health, process safety, personal safety

and environment across all levels of management.

Comply with, and where feasible, exceed the applicable legal requirements.

Continuously recognise hazards and assess health, safety and environmental

risks in our operations through audits, risk assessments and review of standard
operating procedures and take steps to mitigate risks.

Minimise pollution, reduce our environmental footprint and optimise natural

resource consumption.

Promote a positive safety culture amongst all employees and other stakeholders.

Foster continual improvement, benchmark our HSE performance, adopt best

practices in HSE and ensure learning from incidents is embedded into our
management system.

Include health, process safety, personal safety and environmental performance in

the appraisal of employees and reward accordingly.

Extend HSE good practices in all spheres of our operations including outside of
plants during travel, in office, during sales and marketing related activities and off
the job.

Increase health, process safety, personal safety, environmental awareness and

competence through training to ensure all staff have an understanding of how
these can affect their role and the business.

Monitor performance of health, process safety, personal safety and environment

via KPIs and review this information to improve performance.

Respect and engage effectively with neighbours in the local community.

Engage with business partners and suppliers to manage HSE in line with this
policy.