Sanctions bite: Nayara Energy struggles with non-Russian crude for 2nd consecutive month
Nayara Energy, part-owned by Russia’s Rosneft, faces challenges securing non-Russian crude due to western shipping companies’ reluctance. This has led to reduced operations at its Vadinar refinery and increased reliance on Russian oil. Despite sanctions and executive resignations, Nayara is exploring alternative contractors for its investment program, while India continues to import significant Russian crude due to price advantages.🕒 1 min read
Nayara Energy, part-owned by Russia’s Rosneft, faces challenges securing non-Russian crude due to western shipping companies’ reluctance. This has led to reduced operations at its Vadinar refinery and increased reliance on Russian oil. Despite sanctions and executive resignations, Nayara is exploring alternative contractors for its investment program, while India continues to import significant Russian crude due to price advantages.
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