International

US Sanctions Six Indian Firms Over Iran Oil Trade

By BPN News Desk
The United States has imposed sanctions on six Indian companies for allegedly engaging in the trade of Iranian oil and petrochemical products. The move, announced on July 31, is part of Washington’s broader strategy to enforce sanctions on Iran’s energy exports. $220 Million in Transactions Identified According to U.S. authorities, the firms were involved in […]
International

Iran Holds Nuclear Talks with UK, France and Germany

By BPN News Desk
Iran held high-level nuclear discussions with the United Kingdom, France, and Germany on July 25 in Istanbul, marking the first face-to-face talks since recent military strikes targeted Iranian nuclear sites. The meeting was aimed at avoiding the reimposition of United Nations sanctions and finding a way forward for the stalled nuclear negotiations. Focus on Avoiding […]
Business

Nayara Energy CEO Resigns Amid EU Sanctions

By BPN News Desk
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
International

US Senator Threatens Tariffs Over Russian Oil

By BPN News Desk
United States Senator Lindsey Graham has issued a strong warning to countries buying discounted Russian oil, specifically naming India, China, and Brazil. He threatened to impose 100% tariffs on imports from these nations, accusing them of helping fund Russia’s war efforts by purchasing crude oil at below-market prices. “We’ll Crush Your Economy,” Says Graham Speaking […]
Business

Nayara Changes Payment Terms After EU Sanctions

By BPN News Desk
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 […]
Business

Rosneft Slams EU Sanctions on Nayara Refinery

By BPN News Desk
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 […]

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