Nearly a year after it was announced, the $12.9-billion deal to sell the Ruias-controlled Essar Oil to a consortium led by Russian oil major Rosneft has been finally closed. The deal includes sale of Essar Oil’s 20 mtpa Vadinar refinery, a captive power plant, captive port and over 3,500 petrol pumps. Rosneft gets about 49 per cent in Essar Oil, another 49 per cent goes to an investment con...