February 06, 2023 06:23 am | Updated December 23, 2015 05:36 am IST

An undated handout picture provided by Essar group shows a general view of the Essar Oil refinery at Vadinar in Jamnagar district of the western Indian state of Gujarat. Industry sources have dismissed a report in Spanish newspaper Expansion that Essar might buy a 5 percent stake in Spanish oil company Repsol. Expansion said on Thursday Essar might acquire the stake, worth 1.3 billion euros ($1.7 billion), in the market or from shareholders Spanish savings bank La Caixa or Spanish builder Sacyr. REUTERS/Essar Group/Handout (INDIA - Tags: ENERGY BUSINESS) NO SALES. NO ARCHIVES. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS

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