Sanctions hit Nayara’s access to non-Russian oil
Nayara Energy – part-owned by Russian oil giant Rosneft PJSC and blacklisted by the European Union in July – is facing difficulties in securing non-Russian crude supplies for a second month in a row as western shipping companies refused to ferry oil for it, ship tracking data showed.
Nayara, which has already cut down the run rate of its 4,00,000 barrels a day oil refinery at Vadinar in Gujarat, remains heavily reliant on Russian barrels since August.
