Nayara Energy has ramped up its refinery operations to 90-93% capacity after EU sanctions reduced processing levels. This matters as it highlights the resilience of Russian oil supply chains despite international restrictions.

Nayara Energy, a major Indian refiner with significant Russian ownership, has successfully ramped up its crude processing at the Vadinar refinery to between 90% and 93% capacity. This increase follows a period of reduced operations, where processing levels fell to 70-80% due to European Union sanctions imposed earlier this year. The sanctions had a substantial impact on Nayara's ability to source crude, leading to a halt in supplies from countries like Iraq and Saudi Arabia. Currently, Nayara is exclusively processing Russian oil, which is being supplied through traders with arrangements facilitated by Rosneft, a major Russian oil company. The refinery's ability to rebound and boost domestic fuel sales, including supplies to state-owned Hindustan Petroleum Corp, underscores its strategic maneuvering in the face of international sanctions. Nayara's operations reflect a broader trend among Indian refiners navigating the complexities of sourcing Russian oil amidst geopolitical tensions.