Archive · 29 Jun 2025
Rosneft in Talks to Sell Nayara Energy Stake to Reliance
Rosneft, a Russian oil company, is trying to sell its part of Nayara Energy in India because of international sanctions.
They are talking to Reliance Industries about the sale.
Reliance is a big company in India.
If Reliance buys Nayara, it could become the biggest oil refiner in India and make more money by selling fuel.
The price is still being negotiated because potential buyers think it's too high.
Rosneft is in early talks with Reliance Industries to sell its 49.13% stake in Nayara Energy.
The sale is prompted by Western sanctions limiting Rosneft's earnings repatriation.
Reliance could become India's top oil refiner and expand its fuel marketing presence.
Valuation remains a key sticking point in negotiations, with a reported price of USD 17 billion.
Other potential buyers include Saudi Aramco and ONGC/IOC, but the valuation is seen as too high.
- Who
- Rosneft, Reliance Industries, Saudi Aramco, ONGC/IOC.
- What
- Rosneft is in early talks to sell its stake in Nayara Energy to Reliance Industries.
- When
- Talks began in 2024 and are in an early stage.
- Where
- India
- Why
- Rosneft is looking to exit due to Western sanctions limiting its ability to repatriate earnings.
Valuation Disagreement
Buyer Perspectives
Negotiations
Valuation Disagreement
Rosneft seeks USD 17 billion.
Buyer Perspectives
Potential buyers consider the valuation too high.
- Rosneft Stake
- 49.13%
- Nayara Refinery Capacity
- 20 million tonnes/year
- Nayara Petrol Pumps
- 6,750
- Potential Buyer
- Reliance Industries
- Reported Valuation
- USD 17 billion
