Miscellaneous

Nayara Energy Resumes Exports After Sanctions by Targeting New Markets

Nayara Energy, a Russian-backed Indian oil refiner, has resumed exports of refined products after a temporary halt due to EU sanctions imposed on July 18. The company’s exports dropped significantly from 138,000 barrels per day to approximately 80,000 barrels per day amid challenges in shipping and sales. However, Nayara has adapted by redirecting shipments primarily to markets in the Middle East, Turkey, Taiwan, and Brazil, utilizing EU-sanctioned tankers for at least 16 cargoes since early August. This pivot underscores India’s strategic ability to navigate international sanctions while maintaining energy trade, reflecting resilience in its energy sector amidst geopolitical tensions and showcasing a potential shift in global energy supply dynamics.

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