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

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 […]