Agreement Overview
Essar Energy Transition (EET) has entered into an agreement with Harvest Energy to take over fuel delivery responsibilities for 47 dealer-owned, dealer-operated forecourts across the UK. This move aims to enhance the security, continuity, and resilience of fuel supply amid national supply uncertainties.
Strategic Supply Hubs
As one of the four UK refineries, EET will leverage its strategically located supply hubs, including the Stanlow refinery and terminals in Kingsbury, Northampton, Essex, and Grangemouth, to ensure efficient fuel distribution to the forecourts.
Impact of Refinery Closure
The agreement comes in response to the closure of the Prax Lindsey Oil Refinery, which has contributed to supply challenges in the UK. EET's involvement is expected to mitigate these challenges by providing a reliable fuel supply to the affected forecourts.
Expansion Strategy
This development is part of EET Retail's broader strategy to expand its national footprint and develop a significant portfolio of Essar-branded fuel retail outlets across the UK.
