{"id":288490,"date":"2019-08-23T05:59:15","date_gmt":"2019-08-23T05:59:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=288490"},"modified":"2019-08-23T05:59:15","modified_gmt":"2019-08-23T05:59:15","slug":"nayara-energy-signs-750-million-contract-with-bp-and-trafigura","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nayara-energy-signs-750-million-contract-with-bp-and-trafigura\/","title":{"rendered":"Nayara Energy signs $750-million contract with BP and Trafigura"},"content":{"rendered":"<p>Nayara Energy has signed a long-term $750-million prepayment contract for export of petroleum products to global oil majors BP and Trafigura. <\/p>\n<p>The Mumbai-based company operates India\u2019s second largest single-site refinery, with eight per cent of the country\u2019s total capacity in the segment. <\/p>\n<p>Russian government-owned Rosneft holds 49.13 per cent in Nayara. <\/p>\n<p>B Anand, chief executive, said the contract was backed by a consortium of \u201creputed international banks\u201d. This comes at a time when BP has also announced a tie-up with Nayara\u2019s competitor, Reliance Industries, for a joint venture company that will include a retail service station network and aviation fuel business across India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nayara Energy has signed a long-term $750-million prepayment contract for export of petroleum products to global oil majors BP and Trafigura. The Mumbai-based company operates India\u2019s second largest single-site refinery, with eight per cent of the country\u2019s total capacity in the segment. Russian government-owned Rosneft holds 49.13 per cent in Nayara. B Anand, chief executive, said the contract was backed by a consortium of \u201creputed international banks\u201d. This comes at a time when BP has also announced a tie-up with Nayara\u2019s competitor, Reliance Industries, for a joint venture company that will include a retail service station network and aviation fuel [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-288490","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=288490"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/288490\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=288490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=288490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=288490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}