Nayara Energy Boosts Domestic Fuel Shipments Amid Sanctions, With India's Support

Nayara Energy has significantly increased domestic fuel shipments in India due to economic sanctions from the European Union, adapting to new market realities post-July 2023.

• Since late August, Nayara Energys oil refinery has been shipping two to three trains of 50 tanker cars daily, more than doubling fuel transport capacity to inland depots in India.
• The Russian-owned refinery had to pivot to the domestic market after facing crippling economic sanctions from the European Union, which were imposed on July 18, 2023.
• Nayara Energy is actively seeking new export customers while increasing petroleum supply to meet rising domestic demand in India amidst ongoing geopolitical tensions.