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Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura

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Reuters New Delhi
Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura, two trade sources said and Refinitiv data shows.

Indian companies are snapping up Russian oil as it is available at a deep discount after some companies and countries shunned purchases from Moscow due to sanctions against Moscow for its invasion of Ukraine.

The deal, struck after Russia launched its "special operation" in Ukraine on Feb. 24, involves use of Liberia-flagged aframax Moskovsky Prospect, managed by a unit of Russia's state-run shipping firm Sovcomflot, Refinitiv data

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First Published: Mar 23 2022 | 12:06 PM IST

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