What is Nayara, the Indian firm Russia is reportedly importing oil from?
Summary
Nayara Energy, an Indian oil company partly owned by Russian interests, has reportedly sold petroleum to Russia amid Ukrainian attacks on Russian oil facilities, which have caused fuel shortages in Russia. Indian officials say companies are not selling fuel directly but do not rule out Russian purchases through traders.Key Facts
- Nayara Energy runs India’s second-largest private oil refinery in Gujarat with a capacity of 400,000 barrels per day.
- Nayara was originally owned by Essar but partly acquired by Russian state-controlled Rosneft and a Russian asset management firm.
- About 60,000 metric tonnes of petrol were reportedly shipped from India to Russia in two tankers carrying 30,000 to 40,000 tonnes each.
- Ukrainian attacks on Russian oil refineries since March have caused fuel shortages and rationing in Russia.
- Russian President Putin admits the strikes have caused some fuel shortages but calls them temporary and not critical.
- Indian Oil Minister Hardeep Singh Puri says Indian companies are not directly selling fuel to Russia, but fuel may reach Russia via traders.
- The European Union sanctioned Nayara Energy last year, banning petroleum imports from the company.
- Ukraine’s strikes have targeted oil facilities including in Crimea and the Black Sea town of Tuapse, impacting Russian energy supply.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
