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Business Standard
05-08-2025
- Business
- Business Standard
Nayara exports first fuel cargo after EU sanctions, tanker heads to Oman
Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data. The tanker Tempest Dream, carrying about 43,000 metric tons (363,350 barrels) of gasoline, sailed on Monday, according to the sources and LSEG shipping data. The vessel, sanctioned by Britain in June, is headed to Sohar, Oman, shipping data showed, although buyer details could not be verified. Mumbai-based Nayara Energy did not immediately respond to a Reuters request for comment. A second vessel, the Sard, is currently at the western Indian port of Vadinar used by Nayara, set to lift about 43,000 tons of diesel, according to two sources and LSEG shipping data. Nayara has been forced to reduce crude runs at its 400,000-barrel-per-day refinery in Vadinar due to difficulties in obtaining ships and selling fuel from the port in the wake of the sanctions, Reuters has reported. Nayara, which runs 6,600 fuel stations in India, has approached state fuel retailers for domestic sale of products, industry sources have said. It recently used tanker Leruo to move about 43,000 tons of diesel to Mundra port in western India, data from traders and Kpler shiptracking showed. The Leruo and Sard have been sanctioned by the EU since July and May respectively.
Time of India
05-08-2025
- Business
- Time of India
Nayara Energy trade: Russia-backed refinery exports first gasoline shipment after EU sanctions; diesel shipment to follow
Amid tightening international scrutiny, Russian-linked Indian refiner Nayara Energy has exported its first gasoline shipment since the European Union imposed sanctions on the company on July 18, Reuters reported citing four sources and LSEG data. According to shipping sources and LSEG data, the vessel Tempest Dream departed on Monday with around 43,000 metric tons (over 363,000 barrels) of gasoline and is en route to Sohar in Oman. The tanker itself had been sanctioned earlier by the UK in June. The identity of the buyer remains unconfirmed. A second EU-sanctioned vessel, Sard, is currently docked at Nayara's Vadinar port in western India and is expected to lift a similar quantity of diesel, sources said. The shipments come amid operational challenges at Nayara's 400,000-barrel-per-day refinery, which has scaled back crude processing after difficulties in sourcing ships and marketing fuel from the sanctioned port, Reuters reported earlier. To counter export constraints, Nayara — which operates over 6,600 fuel outlets across India — has turned to domestic sales through state-owned fuel retailers, industry officials said. In a recent move, the company used the vessel Leruo to transfer 43,000 tons of diesel to Mundra port, according to trade sources and ship-tracking firm Kpler. Both Leruo and Sard are among the vessels blacklisted by the EU in recent months. Nayara Energy is backed by Russia's Rosneft and a consortium of global investors. Stay informed with the latest business news, updates on bank holidays and public holidays .
Time of India
05-08-2025
- Business
- Time of India
Russia-backed Indian refiner Nayara Energy ships out first gasoline exports since EU sanctions: Sources
Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data. Oil tanker Tempest Dream, carrying about 43,000 metric tons of gasoline, sailed out on August 4, according to the sources and shipping data. The vessel is heading to Sohar, Oman, the shipping data showed.
Business Recorder
05-08-2025
- Business
- Business Recorder
India's Nayara exports first gasoline since sanctions, sources say
NEW DELHI/SINGAPORE: Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data. The tanker Tempest Dream, carrying about 43,000 metric tons (363,350 barrels) of gasoline, sailed on Monday, according to the sources and LSEG shipping data. The vessel, sanctioned by Britain in June, is headed to Sohar, Oman, shipping data showed, although buyer details could not be verified. Mumbai-based Nayara Energy did not immediately respond to a Reuters request for comment. A second vessel, the Sard, is currently at the western Indian port of Vadinar used by Nayara, set to lift about 43,000 tons of diesel, according to two sources and LSEG shipping data. Supertanker delivers oil to sanctioned Nayara Energy's Vadinar refinery, sources say Nayara has been forced to reduce crude runs at its 400,000-barrel-per-day refinery in Vadinar due to difficulties in obtaining ships and selling fuel from the port in the wake of the sanctions, Reuters has reported. Nayara, which runs 6,600 fuel stations in India, has approached state fuel retailers for domestic sale of products, industry sources have said. It recently used tanker Leruo to move about 43,000 tons of diesel to Mundra port in western India, data from traders and Kpler shiptracking showed. The Leruo and Sard have been sanctioned by the EU since July and May respectively.
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Business Standard
05-08-2025
- Business
- Business Standard
India's Nayara Energy ships out first gasoline exports since sanctions
Oil tanker Tempest Dream, carrying about 43,000 metric tons of gasoline, sailed out on August 4, according to the sources and shipping data Reuters NEW DELHI/SINGAPORE Russia-backed Indian refiner Nayara Energy has exported its first gasoline cargo since the privately-owned company was sanctioned by the European Union on July 18, according to four shipping sources and LSEG data. Oil tanker Tempest Dream, carrying about 43,000 metric tons of gasoline, sailed out on August 4, according to the sources and shipping data. The vessel is heading to Sohar, Oman, the shipping data showed. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
