Miscellaneous

Nayara Energy recovers operations post-sanctions, focuses on exports.

Nayara Energy, impacted by recent sanctions, is showing signs of recovery in operations and sales, supported by government assistance and local currency transactions facilitated by banks like SBI and UCO Bank. The refinery, now predominantly processing Russian Urals crude, is operating at 75% capacity and aims to resume exports after negotiations with Saudi Arabia and Iraq. Despite challenges related to shipping and management turnover, Nayara’s resilience reflects the robustness of India’s refining sector amidst global geopolitical shifts. The situation underscores the strategic importance of domestic fuel demand and operational adaptability in ensuring energy security for India, highlighting the nation’s ability to navigate international pressures effectively.

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