Miscellaneous

Nayara Energy Faces Non-Russian Oil Supply Challenges Due to Sanctions

Nayara Energy, partly owned by Russian Rosneft and blacklisted by the EU, is struggling to secure non-Russian crude supplies due to sanctions, leading to a reduction in its refinery output in Gujarat. The refinery, heavily reliant on Russian oil, received significant volumes in August and September, but has not sourced crude from Iraq or Saudi Arabia since July. While the sanctions pose challenges in compliance and shipping, experts suggest that Nayara’s operations may soon stabilize and approach its rated capacity as issues are gradually resolved. This situation underscores the complexities of global energy supply chains and India’s strategic reliance on diversified sources to ensure energy security.

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