Indian refiner Nayara Energy, backed by Russian entities and under European Union sanctions, is relying on a dark fleet to import crude and ship refined fuels, reports Reuters.
Nayara controls about 8 per cent of India's 5.2 million barrel-per-day refining capacity. Since being sanctioned in July, the company has struggled to secure shipping, forcing it to cut crude runs at its 400,000 bpd Vadinar refinery in Gujarat to 70-80 per cent of capacity.
India abides by UN sanctions but not unilateral measures, allowing refiners to use vessels under EU sanctions. This month, Nayara imported at least seven cargoes of Russian Urals crude aboard sanctioned vessels including Centurion, March 6, Pushpa, Horae and Devika (formerly Apar), according to shipping reports and LSEG data.
Prior to sanctions, Nayara sold 70 per cent of its refined fuels through a domestic network of over 6,600 fuel stations and exported the rest. The company is now seeking government help to secure vessels and maintain stable operations.
Indian shipping lines are reportedly unwilling to carry Nayara's cargoes, and insurers have declined coverage for vessels involved. Russian entities are said to be assisting Nayara in arranging ships.
LSEG trade flows show Nayara has used sanctioned vessels including Next, Tempest Dream, Leruo, Nova, Varg, Sard and Uriel to ship gasoline and gasoil. Some vessels were renamed after being sanctioned.
Russia's deputy trade representative to India, Evgeniy Griva, said Nayara continues to receive oil supplies from Rosneft and is not facing operational problems.
SeaNews Turkey
Nayara controls about 8 per cent of India's 5.2 million barrel-per-day refining capacity. Since being sanctioned in July, the company has struggled to secure shipping, forcing it to cut crude runs at its 400,000 bpd Vadinar refinery in Gujarat to 70-80 per cent of capacity.
India abides by UN sanctions but not unilateral measures, allowing refiners to use vessels under EU sanctions. This month, Nayara imported at least seven cargoes of Russian Urals crude aboard sanctioned vessels including Centurion, March 6, Pushpa, Horae and Devika (formerly Apar), according to shipping reports and LSEG data.
Prior to sanctions, Nayara sold 70 per cent of its refined fuels through a domestic network of over 6,600 fuel stations and exported the rest. The company is now seeking government help to secure vessels and maintain stable operations.
Indian shipping lines are reportedly unwilling to carry Nayara's cargoes, and insurers have declined coverage for vessels involved. Russian entities are said to be assisting Nayara in arranging ships.
LSEG trade flows show Nayara has used sanctioned vessels including Next, Tempest Dream, Leruo, Nova, Varg, Sard and Uriel to ship gasoline and gasoil. Some vessels were renamed after being sanctioned.
Russia's deputy trade representative to India, Evgeniy Griva, said Nayara continues to receive oil supplies from Rosneft and is not facing operational problems.
SeaNews Turkey
