this post was submitted on 31 Jul 2025
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cross-posted from: https://scribe.disroot.org/post/3803666

Three vessels laden with oil products from India's Nayara Energy have yet to discharge their cargoes, hindered by new EU sanctions on the Russia-backed refiner, according to shipping data and sources.

Nayara Energy, which runs India's third-biggest refinery, is majority-owned by Russian entities, including oil major Rosneft. It was hit with European Union sanctions on July 18 targeting Russia and its oil trade, causing shippers and traders to shun dealing with its cargoes.

...

The Panamax-sized tanker Alora, chartered by Nayara Energy and carrying around 60,000 metric tons (472,800 barrels) of jet fuel loaded in early June, has been anchored off Portugal's Sines port since arriving there on July 18, Kpler and LSEG data showed.

The cargo has been paid for, said a person familiar with the matter. However, the vessel has been unable to discharge as some EU oil surveyors and other companies are reluctant to deal with products linked to a sanctioned entity, according to the person and a second source.

...

It is unclear who the buyer is.

...

[OP- Several tankers that had been scheduled to load Nayara Energy cargo at the Vadinar port in India reportedly changed their plans. The EU included Indian company Nayara Energy to its sanctions list mid-July due to the fact that Russian state oil giant Rosneft owns a 49% stake in it.]

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