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UPDATE 1-Essar says refinery margins, retail sales soar

LONDON, Nov 12 (Reuters) - India-focused refiner and power generator Essar Energy said its refining margins and forecourt sales soared in the third quarter. Strong demand for oil products in Asia helped lift refining margins 49 percent compared to July to Sept 2009, while deregulation of the gasoline market pushed sales through the retail network up 58 percent, compared to the three months to June. Power generation, measured in megawatts, rose 4.4 percent, the company added, as new facilities ramped up. Essar Energy is 77 percent-owned by privately-owned Indian conglomerate Essar Group. It floated on the London Stock Exchange in May 2010 (Editing by Jon Loades-Carter) Keywords: ESSARENERGY/ (Reporting by Tom Bergin, +44 207 542 1029, tom.bergin@reuters.com, Reuters Messaging tom.bergin.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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