Saudi Arabia and Iraq Suspend Oil Sales to Sanctioned Indian Refinery ...Middle East

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Saudi Arabia and Iraq Suspend Oil Sales to Sanctioned Indian Refinery
source : OILPRICE ( Middle East ) () 131
Saudi Aramco and Iraq’s state oil marketing company SOMO have stopped selling crude oil to the Nayara Energy refinery in Vadinar, India, following the release of the European Union’s 18th sanction package on Russia, adopted last month. Reuters reported, citing unnamed sources, that the refinery, in which Russia’s Rosneft has a 49.13% stake, was running at 70-80% of capacity because buyers are in tight supply after the sanctions. As for crude supply, Nayara Energy is processing only Russian oil supplied by its part-owner, according…

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