India's Essar signs $500 million crude sourcing and product supply deal with trader IRH global

India's Essar Energy Transition Fuel, which operates a refinery in the UK, has signed a $500 million crude sourcing and product supply deal with Abu Dhabi-based International Resources Holding, Essar said in a statement on Tuesday.

The deal will help Essar Energy Transition Fuel strengthen feedstock security for its UK-based 200,000-barrels-per-day Stanlow refinery in an increasingly volatile global energy market, Essar said in a statement.

Essar Energy Transition is controlled by India's Essar Group.