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Searched Tag: nayara energy

US says Indian refiners made $16 bn from Russian oil trade.

US accuses Indian refiners of profiteering on Russian oil

August 20, 2025, 03:24 PM - 5 min read

The United States has levelled sharp criticism at India’s private refiners, accusing them of profiteering from Russian crude oil by reselling refined fuels to Europe and other regions.

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Last fiscal, India spent over USD 137 billion on import of crude oil, which is refined into fuels like petrol and diesel

Banishing Russian crude may cost India USD 9-11 bn

August 3, 2025, 08:26 PM - 5 min read

From less than 0.2 per cent before 2022, Russian oil now makes up 35-40 per cent of India’s crude intake since Russia started discounting it; moving away from it could risk high import bills for the country

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Sergey Denisov, who has been with Nayara since 2017, has been appointed the new CEO of the company

Nayara CEO resigns after EU sanctions on company

July 25, 2025, 08:24 PM - 4 min read

Alessandro Des Dorides resigned as CEO of Nayara Energy last week after the company was hit by EU sanctions; he has been replaced by Sergey Denisov

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