Saudi Aramco, Iraq’s SOMO halt crude sales to Indian refiner Nayara, sources say
“The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August, according to sources and LSEG shipping data.”
“The private company is operating its 400,000 barrel-per-day refinery at Vadinar in western India at about 70-80% capacity due to difficulties in selling its products resulting from the sanctions, sources have said.”
“Nayara Energy, which controls about 8% of India’s 5.2 million barrel-per-day refining capacity, has been struggling to transport fuel since the EU sanctions, relying on so-called dark fleet vessels after other shippers backed out, according to shipping reports and LSEG data.”
See also: ‘Saudi Arabia and Iraq Suspend Oil Sales to Sanctioned Indian Refinery’