Nayara’s exports halve on-year amid sanctions

Nayara Energy’s operations remain under pressure due to disruptions caused by international sanctions, but a gradual recovery is underway as the company reinforces its reliance on Russian crude.

Full pivot to Russian crude stabilises imports

As of September, the company’s crude oil imports consisted entirely of Russian oil at 330,000 barrels per day, increasing by around 36% from August lows. Until July, the company bought oil from Russia, Iraq, and Saudi Arabia.