Overview

• Nayara has asked the oil ministry’s Centre for High Technology to help procure catalysts, compressors, pumps and other critical items for a February maintenance turnaround, Reuters reported via Business Today.
• EU measures in July blacklisted the Vadinar operator and tightened Russia-related rules, prompting non-Russia-backed shipowners to refuse its cargoes and Western insurers to withhold cover.
• Kpler data show Nayara took about 242,000 barrels per day of Russian crude in August and roughly 332,000 bpd in the first half of September, with no barrels from Iraq or Saudi Arabia over those months and reduced refinery runs.
• Product flows have been redirected away from Europe, with about 30,000 bpd exported to the UAE so far in September, after previously modest jet fuel sales to the EU.
• Sanctions fallout has included the resignation of several top executives and withdrawals by contractors such as Technip Energies and PT Timas Suplindo, even as the company reiterates a long-term investment plan of over Rs 70,000 crore.