Amid US-Iran war, Nayara plans 35-day shutdown for maintenance; 8% of India’s refining capacity may take a hit – The Times of India

Amid US-Iran war, Nayara plans 35-day shutdown for maintenance; 8% of India’s refining capacity may take a hit – The Times of India

The company had postponed maintenance work at its 20 million tonnes-per-year Vadinar refinery in Gujarat. (AI image) Russia’s Rosneft-backed Nayara Energy is planning to halt operations for around 35 days starting early April, a move that could temporarily take nearly 8% of India’s refining capacity offline and tighten domestic fuel availability, according to people familiar…

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Russia hit with fresh sanctions! European Union adds firms tied to Moscow’s shadow fleet to list; bans oil traders with connections – The Times of India

Russia hit with fresh sanctions! European Union adds firms tied to Moscow’s shadow fleet to list; bans oil traders with connections – The Times of India

The European Union has expanded its sanctions list on entities connected to Russia’s oil trade, with a new round of measures aimed at traders and shipping networks accused of enabling Moscow to continue crude exports despite Western restrictions.The new sanctions name oil traders Murtaza Lakhani and Etibar Eyyub, who, according to EU, were involved in…

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Putin-Modi meet: How India became Russia’s lifeline – but on its own terms | India News – The Times of India

Putin-Modi meet: How India became Russia’s lifeline – but on its own terms | India News – The Times of India

Driving the news Russian President Vladimir Putin is landing in New Delhi today for a high-stakes two-day summit with Prime Minister Narendra Modi – his first state visit to India since the Ukraine war began in February 2022. With new US sanctions throttling Russia’s oil exports and global isolation deepening, Moscow is turning to India…

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Trump sanctions: India’s crude imports from Russia at 5-month high – can it continue? – The Times of India

Trump sanctions: India’s crude imports from Russia at 5-month high – can it continue? – The Times of India

Russia has maintained its position as India’s primary supplier in November, providing over one-third of all crude oil imports. (AI image) Donald Trump’s sanctions on Rosneft and Lukoil – two of Russia’s major crude firms – may result in India’s imports of oil from Moscow dropping – but will this shift be permanent? Analysts expect…

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Trump sanctions: Short-term disruption guaranteed, but will India & China completely stop buying Russian oil? Why it’s highly unlikely – The Times of India

Trump sanctions: Short-term disruption guaranteed, but will India & China completely stop buying Russian oil? Why it’s highly unlikely – The Times of India

Last week the Donald Trump administration announced sanctions against Russia’s leading oil corporations, Rosneft and Lukoil. (AI image) Donald Trump’s sanctions on Russia’s oil majors are unlikely to prompt India and China to completely stop buying Russian crude, though short-term disruptions are expected according to an analysis by Kpler, a global real-time data and analytics…

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‘Absolutely not going to discontinue’: IOC to keep importing Russian oil despite US curbs; will buy via non-sanctioned suppliers – The Times of India

‘Absolutely not going to discontinue’: IOC to keep importing Russian oil despite US curbs; will buy via non-sanctioned suppliers – The Times of India

Indian oil refiners, including Indian Oil Corporation (IOC), may not completely halt purchases of Russian crude despite fresh US sanctions, as the measures target specific Russian suppliers rather than the oil itself. Officials said that while four Russian oil companies have been sanctioned so far, India’s largest supplier, Rosneft, which handles nearly 45 per cent…

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‘Restrictive measures’: Hit by US sanctions, Russia’s Lukoil to sell overseas assets; why was it targeted? – The Times of India

‘Restrictive measures’: Hit by US sanctions, Russia’s Lukoil to sell overseas assets; why was it targeted? – The Times of India

Russian petroleum giant Lukoil announced on Monday evening that it will divest its international operations following US sanctions imposed in connection with Moscow’s actions in Ukraine.“Owing to the introduction of restrictive measures against the company and its subsidiaries by some states, the company announces its intention to sell its international assets,” Lukoil said in a…

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‘Why single out India?’: Piyush Goyal slams double standards on Russian oil; questions Germany, UK for seeking exemptions from US sanctions – The Times of India

‘Why single out India?’: Piyush Goyal slams double standards on Russian oil; questions Germany, UK for seeking exemptions from US sanctions – The Times of India

Speaking at the Berlin Global Dialogue, Piyush Goyal stressed on India’s independent trade policies. Commerce minister Piyush Goyal has hit out at the Western nations double-standards on Russian oil, questioning Germany and UK’s reported move seeking exemptions from US sanctions.Speaking at the Berlin Global Dialogue Goyal stressed on India’s independent trade policies, firmly saying that…

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‘Will be adapting refinery operations’: RIL responds to US, EU sanctions on Russian crude; commits to compliance – The Times of India

‘Will be adapting refinery operations’: RIL responds to US, EU sanctions on Russian crude; commits to compliance – The Times of India

RIL responds to US, EU sanctions on Russian crude NEW DELHI: Reliance Industries Ltd (RIL) on Friday said it is assessing the impact of the latest sanctions imposed by the United States and the European Union on Russian oil companies.In an official statement, a company spokesperson said RIL will comply with guidelines on the import…

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