Nayara Energy, India’s Russia-backed refinery, faces fresh US, EU sanctions trouble; EPC work hit – here’s what’s happening – Times of India

Although Nayara Energy faces no direct sanctions, it is facing heat due to Russian state energy corporation Rosneft PJSC's 49.13% ownership stake in the organisation. (AI image) Nayara Energy, India’s…

Continue ReadingNayara Energy, India’s Russia-backed refinery, faces fresh US, EU sanctions trouble; EPC work hit – here’s what’s happening – Times of India

Refinery crisis: EU sanctions hit Nayara logistics as shipping lines pull back; seeks government help – Times of India

Fuel supply from Nayara Energy’s Vadinar refinery has been severely disrupted after shipowners, wary of European Union sanctions, stopped lifting products from the facility, forcing the Rosneft-backed company to seek…

Continue ReadingRefinery crisis: EU sanctions hit Nayara logistics as shipping lines pull back; seeks government help – Times of India

Russia oil trouble hits: Shipowners and oil traders avoiding Russia-backed Nayara Energy in India; impact after EU sanctions – Times of India

Shipbrokers, vessel operators have become hesitant to engage with Nayara this week. (AI image) European Union’s latest round of sanctions on Russian oil have already begun to hit a refinery…

Continue ReadingRussia oil trouble hits: Shipowners and oil traders avoiding Russia-backed Nayara Energy in India; impact after EU sanctions – Times of India

Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit – Times of India

Russia oil sanctions: Both Nayara and RIL now confront possible exclusion from EU markets, according to industry experts and analysts. (AI image) Russia oil sanctions impact: Both Nayara Energy and…

Continue ReadingRussia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit – Times of India

Rosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say – Times of India

NEW DELHI/MOSCOW: Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal…

Continue ReadingRosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say – Times of India