Page 2 - Nayara Energy

Russia-backed refiner Nayara Energy posts record profit at $447.5 mn

NEW DELHI (Reuters) - India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.

RIL, Nayara account for a combined 69% of Russian oil shipments to India

The push by Reliance and Nayara to scoop up Russian Urals from the market propelled Russia to become India's second biggest oil supplier last month

Ukraine crisis: After Trafigura, UCP looks to sell stake in Nayara Energy

Nayara's shareholders include Russian energy major Rosneft and a consortium led by Trafigura and UCP

Ukraine war, economic uncertainty delays Nayara Energy stake sale plan

"With the war, the chances of a Western company buying a stake in Nayara looks difficult. They may have to look for Indian equity partners," said a banker.

Ukraine war fallout: Nayara to pay higher interest after NCD downgrade

Lower rating by Care follows concerns over Rosneft's support to the Indian company after Russia invaded Ukraine and western countries imposed sanctions on the Russian entities

Some banks stop credit for oil imports by Rosneft-owned Nayara: Report

Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy giant Rosneft, which owns 49% of the Indian refiner, has been.

Some banks stop credit for oil imports by Rosneft-owned Nayara: Report

HDFC Bank and international banks such as Citibank, JP Morgan, Deutsche Bank and Japan's Mitsubishi UFJ Financial Group have stopped opening and confirming Letters of Credit, say sources

Nayara Energy buys Russian Urals crude after gap of 1 year: Report

Indian private refiner Nayara Energy, part-owned by Russia's Rosneft, has purchased Russian oil after a Urals a year, buying about 1.8 million barrels of Urals from trader Trafigura

BP move to give up Rosneft stake may not impact Nayara Energy directly

Industry sources were of the view that sanctions may have some impact on the long-term operations and also the investment ability of the company in India

India's Nayara Energy hopes to operate refinery at 100% in 2021

India's Nayara Energy hopes to operate its 400,000 barrels per day (bpd) refinery in western India at close to 100% capacity in 2021 as fuel demand is picking up, Chief Executive Alois Virag said

Nayara Energy achieves financial closure for petrochemicals expansion

Ties up Rs 4,016 crore term loan from SBI-led consortium

Nayara Energy raises Rs 2,285 cr via NCDs, issue sold out twice over

Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose

Nayara Energy selects Hughes India to connect 3,500 retail outlets

Satellite services provider Hughes Communications India on Wednesday announced it has won a contract from oil retailer Nayara Energy to manage a satellite network solution across 3,500 retail outlets.

Nayara Energy's India fuel retail outlets triple in 5 years to reach 6,000

Company aims to have 7,400 petrol pumps by 2024-end

Nayara Energy sees diesel recovery to pre-COVID-19 level by end-2021

Diesel demand growth is likely to return to pre-COVID-19 levels by the end of 2021 or early 2022, said Ashutosh Deshpande at the Platts APPEC 2020 virtual conference

Shell eyes stake in Nayara's $9 bn Indian petrochemical project: Report

Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities

RIL, Nayara Energy plan to wind down Venezuelan oil buys in April

India accounted for about a third of Venezuela's oil shipments in January

India's Nayara sending fuel to Rosneft in return for Venezuelan oil: Report

The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units

Nayara Energy signs $750-million contract with BP and Trafigura

The refinery has annual crude oil throughput of 20 million tonnes, importing it from various regions

Nayara Energy raises Rs 24 bn via NCDs, aims to refinance existing debt

Nayara is hopeful that the first round of successful fundraising will pave the way for more interest cost reduction