Overview

• State Bank of India has ceased processing Nayara Energy’s international trade and forex transactions, citing risk from recent U.S. tariffs and EU sanctions on Russian-linked oil.
• Ship-tracking data show crude arrivals to the Vadinar refinery have plunged to about 94,000 barrels per day in August, the lowest level in the company’s history.
• Major shipowners and domestic carriers have withdrawn support, forcing Nayara to rely on dark-fleet tankers, surface transport and an ultra-low sulfur diesel cargo rerouted to China.
• To manage payment hurdles, Nayara is demanding advance payments or letters of credit for exports and has approached UCO Bank while pursuing legal challenges to the sanctions.
• The 400,000 bpd Vadinar complex has cut run rates as Nayara engages government and diplomatic channels in New Delhi to mitigate operational disruptions.