Indian Refiner Nayara Adjusts Payment Terms Due To EU Sanctions ...Middle East

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Indian Refiner Nayara Adjusts Payment Terms Due To EU Sanctions
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Indian refiner Nayara Energy has changed the payment terms to sell a spot naphtha cargo after the EU’s latest sanctions package hit the company in which Russia’s oil giant Rosneft holds 49%, a tender document seen by Reuters showed on Monday.  Following Friday’s sanctions, a Nayara tender to sell a spot naphtha cargo Nayara is seeking advance payment or a letter of credit from the potential buyer for loading of the cargo in the middle of August, according to the document Reuters has seen.     Last Friday,…

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