Nayara Energy has appointed Teymur Abasguliyev as its new Chief Executive Officer, effective September. The announcement follows the resignation of former CEO Alessandro des Dorides, who stepped down in July after the company came under European Union sanctions. Abasguliyev Brings Global Energy

Faced with European Union sanctions, Nayara Energy has turned to offshore fuel transfers—shifting shipments mid-sea between tankers—to keep exports moving despite restrictions on shipping services. Sanctions Disrupt Supply Chains EU sanctions introduced in July targeted Nayara’s Vadinar refinery, curbing its ability to export refined products due to reduced access to

The State Bank of India (SBI) has suspended all international trade and foreign currency transactions for Nayara Energy, citing concerns over potential exposure to U.S. tariffs and European Union sanctions linked to the company’s partial Russian ownership. Compliance Over Commercial Considerations The decision, taken as a precautionary compliance measure, reflects growing

Alessandro des Dorides, the Chief Executive Officer of Nayara Energy, has resigned following the European Union’s sanctions that directly impact the company’s operations. Nayara Energy, a major Indian private refiner partly owned by Russia’s Rosneft, operates the Vadinar refinery in Gujarat, which processes 400,000 barrels of crude oil per day. The EU imposed restrictions

Nayara Energy has revised the payment terms for its latest naphtha export tender in response to recent sanctions imposed by the European Union. The company now requires advance payment or an irrevocable letter of credit for the cargo, which is scheduled for loading between August 14 and 18. The cargo volume is expected to be […]

The European Union has imposed sanctions on Nayara Energy’s Vadinar refinery in Gujarat as part of its latest package targeting Russia. The move comes amid tightened restrictions on petroleum products refined from Russian crude. Nayara Energy, a major private refiner in India, is 49% owned by Russian energy giant Rosneft. Rosneft Calls Action a Violation […]

The European Union has added Nayara Energy to its latest sanctions aimed at Russia, targeting refined petroleum products made from Russian crude. Nayara, based in Vadinar, Gujarat, is nearly half-owned (49.13 %) by Russia’s Rosneft. The move could affect Rosneft’s planned sale of its stake to Reliance Industries, raising doubts over the deal’s future. What the […]

India has become the largest global buyer of Russia’s Urals crude oil in 2025, with private refiners Reliance Industries and Nayara Energy accounting for nearly 45% of total seaborne exports of the grade. This surge not only reinforces India’s pivotal role in the global oil trade but also highlights the growing influence of private refineries […]