Sanctioned Indian Refiner Switches to Rail to Move Oil ...Middle East

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Sanctioned Indian Refiner Switches to Rail to Move Oil
source : OILPRICE ( Middle East ) () 62
Nayara Energy, operator of India’s second-largest refinery, has ramped up its oil deliveries by train as export markets shrink. Per a Reuters report, the refiner, which is 49% owned by Russia’s Rosneft, has been loading between two and three trains of 50 tanker cars each every day since late August, after in July the European Union slapped individual sanctions on the company for sourcing its crude oil from Russia. The EU measures aim to further restrict Kremlin oil revenues, much of which now flows via discounted sales to Asia. Following…

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