Overview

• Saudi Aramco stopped selling to Nayara due to payment complications linked to EU measures, and Iraq’s SOMO sent no cargoes in August, according to sources cited by Reuters.
• Kpler data show the refinery’s last non-Russian deliveries were Arab Light on July 18 and Basrah Heavy on July 29, leaving it dependent on Russian Urals moved on dark‑fleet tankers.
• Nayara cut processing rates as August imports averaged 242,000 barrels per day against 400,000 b/d capacity, the lowest since November 2022, per Kpler.
• The company has asked India’s government to help secure compliant banking channels and vessels for crude and refined products.
• Nayara’s purchases contributed to India’s Russian crude intake rising by about 88,000 b/d to 1.69 million b/d in August, even as Washington pressures New Delhi with measures that include a 50% tariff on Indian goods.