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Sanctions drive Nayara to deepen reliance on oil
Financial Express Chennai
|September 15, 2025
POST THESE SANCTIONS, Nayara cannot export fuel such as petrol and diesel to European countries.
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"Nayara's situation remains challenging under the weight of ongoing sanctions, which have reinforced its reliance on Russian barrels. Post-sanctions, the refinery has struggled with compliance, shipping, payment channels, and lower crude imports. However, these issues are gradually being resolved, and we expect operations to move closer to its economical or rated capacity," said Sumit Ritolia, lead research analyst, refining & modeling at
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