Nayara Energy Faces Fresh Risks Amidst Tightening Curbs on Russian Oil

• Nayara Energy, backed by Rosneft, faces new risks from a potential India-US deal that could tighten restrictions on Russian oil.
• The refinery is highly vulnerable due to limited diversification options and existing EU sanctions impacting its exports.
• Russian crude remains the most viable feedstock for Nayara, allowing it to operate at economic rates despite sanctions.
• Nayara's imports from the Middle East have dropped to zero post-sanctions, making Russian oil crucial for operations.
• The company is increasingly focusing on the domestic market and new export routes to mitigate sanction impacts.