Archive · 2 Sep 2025
Saudi Aramco and Iraq Halt Crude Oil Sales to Nayara Energy
Saudi Arabia and Iraq stopped selling oil to an Indian refinery called Nayara Energy.
This happened because of sanctions from the European Union, which are meant to hurt Russia.
Nayara is mostly owned by a Russian company.
Because of this, Nayara had trouble getting oil and selling fuel.
The refinery is running at less than full capacity.
The company's CEO stepped down, and they appointed a new one from an Azerbaijani oil company.
Saudi Aramco and Iraq's SOMO stopped crude oil sales to Nayara Energy in August.
The halt was due to EU sanctions against Nayara Energy, which is majority-owned by Russian entities.
Nayara's refinery at Vadinar, India, is operating at about 70-80% capacity.
Nayara typically received around 2 million barrels of Iraqi crude and 1 million barrels of Saudi crude each month.
Nayara's CEO resigned in July and a new CEO from SOCAR was appointed.
- Who
- Saudi Aramco, Iraq's SOMO, and Nayara Energy
- What
- Halted crude oil sales to Nayara Energy due to sanctions.
- When
- August 2024 (no sales); Sanctions imposed in July.
- Where
- India (Vadinar refinery), Saudi Arabia, Iraq, EU.
- Why
- Due to EU sanctions imposed on Nayara, which is majority-owned by Russian entities.
- Companies Involved
- Nayara Energy, Saudi Aramco, SOMO, Rosneft
- Refinery Location
- Vadinar, India
- Nayara Refinery Capacity
- 400,000 barrels per day
- India's Refining Capacity
- 5.2 million barrels per day
- Nayara Ownership
- Majority owned by Russian entities including Rosneft
- Saudi Crude Delivery (Last)
- July 18, 2024
- Basra Crude Delivery (Last)
- July 29, 2024