Nayara doubles fuel exports in Nov, turns to new markets

New Delhi: Sanctions-hit refiner Nayara Energy has doubled its fuel exports in November, tapping new markets such as the Bahamas and Taiwan, and routing nearly a third of its cargoes through ship-to-ship transfer hubs that are often used to mask the final buyer.

Russia’s Rosneft-backed Nayara exported 150,000 barrels per day (bpd) of fuels last month, up from 75,000 bpd in October, and the highest since March, according to Kpler, the global real-time data and analytics provider.