Related News

Astronomers identified a strange object in the Milky Way that sends out powerful bursts of radio waves and X-rays with steady timing. The source, known as ASKAP J1832 0911, repeats

While Thomas Edison’s cylinders were the first to play recorded sound, they were impractical – leading Emile Berliner to come up with a better way to play music: The gramophone,

Elon Musk’s SpaceX to launch Falcon 9 on February 2 from Vandenberg SpaceX is preparing to launch a Falcon 9 rocket carrying 25 Starlink satellites to low Earth orbit from

The Sun turns, but not in the way a solid object would. It has no hard surface, no fixed edge to follow. What scientists describe as solar rotation comes from

A coconut may seem like a simple tropical fruit, but it is actually a well-designed natural packaging. You will be surprised to know that the water inside a coconut is

NASA delays Artemis II wet dress rehearsal due to bad weather (IANS) NASA has delayed a key prelaunch test for its Artemis II mission after bad weather affected conditions at

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

‘Operating at a healthy run rate’: EU-sanctioned Nayara Energy in talks with government & partners, vows to maintain refinery stability

Word Count: 672 | Estimated Reading Time: 4 minutes


'Operating at a healthy run rate': EU-sanctioned Nayara Energy in talks with government & partners, vows to maintain refinery stability

Russian oil major Rosneft-backed Nayara Energy Ltd is engaging with the Indian government and trade partners to ensure smooth transactions and maintain operational stability at its Vadinar refinery in Gujarat, which has been impacted by European Union sanctions.The company, included in the EU’s 18th sanctions package on Russia over the Ukraine conflict, has faced challenges in securing shipping and banking channels since the sanctions came into effect.“In face of unjust sanctions by European Union, our refinery is operating at a healthy run rate and we continue to supply oil and oil products across India to meet the demands of our Indian consumers,” Nayara Energy said in a statement, without disclosing the exact run rate of the 20-million-tonne-per-year facility, PTI reported. “Nayara Energy continues to place the highest priority on operational, environmental and personnel safety at its facilities and towards serving the franchisees at our retail outlets. Given our commitment to Indian consumers and India’s energy security, we are actively engaging with governmental authorities and all our partners to facilitate seamless transactions and continue to maintain operational stability.” the firm added.Last month, Nayara had termed the EU sanctions as unjust and harmful to India’s interests and said it was exploring legal options. Rosneft also condemned the measures, calling them unjustified, illegal, and a direct threat to India’s energy security.Rosneft holds a 49.13% stake in Nayara, formerly Essar Oil Ltd, while Kesani Enterprises Company, an investment consortium owned by Russia’s United Capital Partners and Hara Capital Sarl, holds another 49.13%. Nayara operates over 6,750 petrol pumps across India.“Despite the supply chain disruptions caused due to EU sanctions, we remain committed to maintaining reliable transportation of our products via coastal, rail, and road networks to efficiently serve our customers and ensure there is no impact on Indian consumers. Our retail fuel stations continue to operate as usual while we diligently work to ensure uninterrupted fuel supplies across India,” the company added.





Source link

Most Popular Articles