Nayara Energy, an Indian refiner backed by Russia, has scaled back operations at its 400,000 bpd refinery due to recent EU sanctions. These sanctions, implemented on July 18, have complicated the export of refined products, leading to storage challenges. Consequently, at least two tankers avoided planned loadings, and a tanker carrying Russian crude was rerouted…
After EU sanctions, Nayara Energy is using dark-fleet tankers and a limited crude import selection to maintain operations, raising concerns in India about energy security. The government has approved coastal tankers, including sanctioned vessels, to assist Nayara. Despite challenges, Russia assures continued crude supplies, employing special mechanisms to bypass sanctions.
External Affairs Minister S Jaishankar defended India’s energy ties with Russia, asserting that oil purchases serve both national and global interests by stabilizing prices. He emphasized India’s independent decision-making amid ongoing trade discussions with the United States, highlighting the commitment to protect the interests of farmers and small businesses.
Nayara Energy has restarted its Vadinar refinery. The facility, with a capacity of 400,000 barrels per day, resumed operations last week. This follows a planned maintenance shutdown that began on April 9. The refinery’s restart is a significant development for India’s energy sector. Nayara Energy is majority-owned by Russian entities.
In a booming trend, Indian city gas companies are swiftly increasing the number of CNG stations, surpassing their initial targets. Yet, there remains a gap in household piped-gas connections, largely due to the straightforward nature of establishing CNG outlets compared to the intricate, labor-intensive process needed for household pipeline installations.
In December, fuel demand experienced an unprecedented upswing, eclipsing annual averages. Diesel saw a remarkable boost, complemented by notable increases in petrol and LPG use, highlighting a vibrant economic pulse.
The Supreme Court has overturned a Gujarat High Court ruling. Adani Power Limited will receive a refund for customs duty paid on electricity. This duty was levied on power generated in a Special Economic Zone and supplied domestically. The court stated that previous judgments had already declared such levies invalid.
Reliance Industries, operator of the world’s largest refining complex, is open to purchasing Venezuelan oil. The company awaits clarity on whether non-US buyers will be permitted to acquire the crude. Reliance previously halted Venezuelan oil purchases in March 2026. Its refineries are capable of processing heavier crudes like Venezuela’s Merey.
The Centre is preparing to introduce significant amendments to nuclear power laws, potentially allowing private sector involvement in key areas like atomic mineral exploration, mining, and fuel fabrication. These changes aim to reshape the nuclear power ecosystem, currently dominated by the Department of Atomic Energy.
India will postpone maintenance on approximately 10,000 megawatts of coal-fired power generation capacity until July. This decision aims to ensure sufficient power supply during the country’s peak summer demand. Additionally, around 8,000 megawatts of gas-fired generation capacity is experiencing disruptions. These issues stem from increased fuel costs influenced by the ongoing Iran war.