EU-Sanctioned Nayara in Talks With India to Sustain Refinery Run

Rosneft-backed Nayara Energy Ltd. is in talks with the Indian government and trade partners to preserve the operational stability of its refinery even as EU sanctions affect supply-chains, the refiner said in a statement on Thursday.

The company’s 400,000 barrels-a-day crude processing plant at Vadinar on India’s west coast is operating at “healthy run rate” and it continues to distribute to the local market, the refiner said.