The Indian refining and marketing giant subsidiary, Essar Oil (UK) Limited, has selected Aspect's energy trading and risk management solution, AspectCTRM to help optimize its European refinery-related trading, supply and risk management activities.
Essar is a multinational corporation with annual revenues of USD$35 billion and investments in steel, energy, infrastructure and services. With operations in more than 29 countries, it employs over 60,000 people.
One factor which made Essar Oil UK select Aspect was its modern technology stack which allows for painless integrations. AspectCTRM is being integrated with several in-house solutions including Essar UK's refinery and planning system, SAP ERP and its curve management provisioning tools.