Archive · 25 Jul 2025
Nayara Energy CEO Resigns Amid EU Sanctions; New CEO Appointed
The CEO of Nayara Energy, an oil company backed by a Russian company, has stepped down.
The EU recently put sanctions on the company, which could make it harder for them to sell oil.
Sergey Denisov, who has been with the company since 2017 and is in charge of big projects, is now the new CEO.
Nayara Energy plans to keep investing a lot of money in India, including on improving the refinery and expanding their retail network.
The company is a big player in India’s refining industry.
Nayara Energy CEO Alessandro des Dorides resigned last week.
Sergey Denisov, Nayara's Chief Development Officer, replaced Dorides.
The EU imposed sanctions on Nayara Energy, potentially disrupting exports.
Nayara Energy plans to continue investing over ₹70,000 crore despite sanctions.
The company contributes around 8% of India’s total refining capacity.
- Who
- Alessandro des Dorides, Sergey Denisov, Nayara Energy.
- What
- Alessandro des Dorides resigned as CEO of Nayara Energy, and Sergey Denisov replaced him after EU sanctions were imposed.
- When
- Last week (Dorides resignation).
- Where
- India.
- Why
- Dorides' resignation followed EU sanctions on Nayara Energy, potentially affecting exports. Denisov's elevation coincides with key expansion projects.
Nayara Energy View
N/A
Investment Plans
Nayara Energy View
Nayara will continue to invest in India.
N/A
No opposing view is present in the article.
- Company
- Nayara Energy
- Former CEO
- Alessandro des Dorides
- New CEO
- Sergey Denisov
- Parent Company Stake
- Rosneft (49.13%)
- Refinery Capacity
- 20 million tonnes per annum (mtpa)
- Investment Plan
- Over ₹70,000 crore
- Refining Capacity Contribution
- 8% of India's total