- Nayara is missing barrels of 3m the monthly supply of Gulf exporters.
- Sanctions create payment problems for Iraqi Purchase of crude oil.
- The Nayara refinery extends to a capacity of 70 to 80% in the midst of sanctions.
Samida Saudi Aramco and the Iraqi State Oil Company ceased to sell crude oil in Nayara Energy in India after the sanctions imposed in July by the European Union on the refiner supported by Russia, three familiar sources with the case said.
The cessation of the supply of the two Gulf exporters means that Nayara, mainly belonging to Russian entities, including the oil major Rosneft, counted entirely on Russia for its imports of crude oil in August, according to sources and LSEG shipping data.
Nayara generally receives approximately 2 million Iraqi crude barrels and 1 million Saudi crude barrels each month, but have not received any shipping from one or the other of the two suppliers in August, KPLER and LSEG shipping data showed.
Somo and Nayara did not respond to requests for comments. Saudi Aramco refused to comment.
Two of the sources said that the sanctions had created payment problems for Nayara’s purchases from Somo, without providing additional details.
The most recent carra of Basra Brut de Somo was released for Nayara by Kalliopi, a very large raw carrier (VLCC), in the port of Vadinar on July 29, according to KPLER and LSEG data as well as the data obtained from industry sources.
The private refiner received 1 million barrels of Arabic light transported by the VLCC Georgios co-charged with a similar quantity of Basrah Heavy on July 18, its last Saudi delivery, according to LSEG data.
Nayara receives direct supplies from Rosneft, an official of the Russian Embassy in New Delhi, said last month.
The private company operates its refinery of 400,000 barrels per day at Vadinar in western India at around 70 to 80% due to the difficulties of selling its products resulting from sanctions, sources said.
Nayara Energy, which controls around 8% of the refining capacity of 5.2 million barrels per day of India, has trouble transporting fuel from EU sanctions, based on so -called dark fleet ships after other sender has decreased, according to shipping reports and LSEG data.
The CEO of the company resigned in July. Last week, Nayara announced the appointment of a senior manager of the National Oil Company of Azerbaijan Socar as Managing Director.
