A stake purchase in Essar Oil will help Rosneft participate in global trade without being subjected to western sanctions and Essar, which is a cash-strapped group, will get money to get rid of some of its debt. Prakash Diwan More Quotes by Prakash Diwan More Quotes From Prakash Diwan Essar Oil doesn't have the balance sheet strength to make an open offer to buy-back its shares. Prakash Diwan energy