Essar Oil UK acquires BP strategic assets to drive growth

* ESSAR OIL UK GROUP ACQUIRES BP STRATEGIC ASSETS TO DRIVE FURTHER GROWTH

* TO BUY STAKE IN UKOP PIPELINE, A SHARE OF CONTRACTUAL JV AND A 100 PERCENT INTEREST IN NORTHAMPTON TERMINAL

* ESSAR’S TOTAL INVESTMENT IN THE UK NOW STANDS AT $1 BILLION

* REMAINS COMMITTED TO FURTHER U.K. INVESTMENT

* CONFIRMED PLANS TO GROW ITS NETWORK TO 400 RETAIL SITES OVER THE NEXT FIVE YEARS