Essar Oil (UK) Limited
Ashutosh S Deshpande has extensive work experience in the oil and energy industry. Ashutosh S currently serves as the Head of Commodity Risk at Essar Oil (UK) Limited, a position they have held since December 2020. Prior to this role, they worked at Nayara Energy as the Vice President of the CEO's Office from September 2017 to November 2020. From November 2006 to August 2017, Ashutosh held the position of Vice President of Oil Price Risk, Coal, and LNG at Essar Oil. Ashutosh S gained early experience in commodity price risk management at Ernst & Young from November 2004 to October 2006. Ashutosh began their career as a Derivatives Trader in the oil market at Reliance, where they worked from July 1997 to October 2004.
Ashutosh S Deshpande completed a Bachelor of Chemical Engineering from the University of Mumbai from 1993 to 1997. In 2004, they obtained a Financial Risk Manager (FRM) certification from GARP. From 2000 to 2002, they pursued a Master of Management degree in Management from the Indian Institute of Technology, Bombay.
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Essar Oil (UK) Limited
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EET Fuels - Performing today transforming for tomorrow! Playing a key role in the decarbonisation of the UK economy, with ambitious plans to build an energy transition cluster in the North West of England. Stanlow is a key strategic national asset, annually producing over 16% of the UK’s road transport fuels, while playing an important part in Britain’s petrochemical industry by providing key feedstocks. The business is a major supplier in the North West and beyond with customers including most of the major retail brands operated by international oil companies and supermarkets, Manchester Airport, leading commercial airlines and the region’s trains and buses. The business covers crude and product trading, refinery operations, HSE implementation, maintenance support and technological services, together with marketing and retail activities. Our commitment to maintaining safe and healthy working conditions and following the best operating practices to protect the environment underpins everything we do. We employ over 900 highly trained and loyal staff, who are at the heart of everything we do. The company has an embedded safety culture, technically challenging work across the different parts of the business and some of the best training available in the energy industry. In FY2017-18, Essar Oil UK reported revenues of $5.4 billion, and a post-tax profit of $161 million. Since acquiring Stanlow in July 2011, Essar has invested over $870 million in the business. The Board has a strategic focus to further improve the financial performance of the company through the continued growth and development of the business in the UK and beyond.