Now Reading: Nayara Energy supplies petrol to Russia for first time
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Nayara Energy supplies petrol to Russia for first time
Russia has imported petrol from India for the first time, after Ukrainian drone strikes crippled its refineries and caused fuel queues in Moscow. The first cargo of about 42,000 tonnes, refined by…
The Story in Brief
Russia has imported petrol from India for the first time, after Ukrainian drone strikes crippled its refineries and caused fuel queues in Moscow. The first cargo of about 42,000 tonnes, refined by Nayara Energy at its Vadinar plant in Gujarat, arrived on August 5. A second shipment of nearly 40,000 tonnes followed. Nayara, backed by Russian state giant Rosneft, has not confirmed the sales. Petroleum minister Hardeep Singh Puri said Indian companies are not directly supplying Russia, but conceded global traders could have bought Indian fuel and resold it.
The Indian Opinion
That Indian-made petrol is now fuelling Russian cars will revive charges that India is undermining Western sanctions. New Delhi’s defence, that private companies and global traders, not the government, arranged the sale, is technically true but thin. Nayara Energy is 49% owned by Rosneft, Russia’s state oil giant. The real test is whether Washington or Brussels name and penalise the tankers or the intermediaries. If they do not, this is less a diplomatic breach than a reminder that oil finds its own channels.
Sources (2): livemint.com, energy.economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
