Nayara Energy

Microsoft had on July 22 suspended tech support for the refiner after the European Union sanctioned Nayara Energy, which challenged the move in the Delhi High Court

Centre drafts proposal on emission reduction targets for PSU and private refineries, along with textile sector

A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.

After Reliance-bp, Nayara Energy sells petrol, diesel at Re 1 less than PSUs

While state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) continue to hold prices despite a drop in international rates, private fuel retailers have started passing on the benefit to consumers.

Nayara Energy Q3 profit up 2% as shutdown, windfall tax impact margins

Revenue from operations dropped to Rs 24,757.7 crore in the third quarter of the current fiscal from Rs 32,412.9 crore a year back.

Crude slips below $85 a barrel but OMCs may not cut fuel prices. Here’s why

Oil marketing companies have incurred huge losses on petrol and diesel retail sales this year and may take more time to recover the past losses

Nayara Energy appoints Prasad K Panicker as Chairman effective October 3

Panicker, who currently is Director and Head of Refinery at Nayara, will replace Charles Anthony (Tony) Fountain, whose five-year term is ending, the company said in a statement

Reliance, Nayara face windfall profit tax on local supplies alongside exports

The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India.

Diesel price for bulk users hiked Rs 25 a litre; private retailers stare closure

Worst hit are private retailers like Nayara Energy, Jio-bp and Shell, who have so far refused to curtail any volume despite a surge in sales.

Russia-linked Indian refiner put under credit watch, CARE Ratings says

Oil major Rosneft owns a 49.13 percent stake in Nayara while a similar-sized holding is split between global commodities trading house Trafigura and Cyprus-based Russian investment group United Capital Partners.

Nayara Energy says making steady progress in India expansion plan despite BP’s exit from Rosneft

Rosneft, along with a investment consortium comprising global commodity trading firm Trafigura and UCP Investment Group acquired the downstream and petrochemicals company in August 2017.

Nayara Energy achieves financial closure for foray into petrochemical business, secures Rs 4,016 cr loan

New Delhi, Aug 26 Russia's Rosneft-backed Nayara Energy on Thursday said it has achieved financial closure for phase-one expansion plans for petroc..

Indian refiners plan to wind down Venezuelan oil buys in April: Sources

Such a step by Reliance, which operates the world's biggest refining complex, and Nayara - part owned by Russian oil major Rosneft - would severely curtail purchases by one of Venezuela's last big export destinations. India accounted for about a third of Venezuela's oil shipments in January.

Nayara Energy to invest $850 mn to expand into petrochemical business

Nayara Energy, erstwhile known as Essar Oil, operates a 20 million tonnes a year oil refinery at Vadinar.

Essar Oil approaches Bombay HC against RBI guv, ED, revenue secy; seeks relief on multiple charges

Essar has sought a stay on an RBI order imposing compounded amounts (penalty) and quashing of summons for alleged breach of limits under the FEMA.

Nayara Energy evaluating Vadinar refinery expansion; to expand petrol pumps to 7,000

Rosneft and its partners had in August last year completed a $12.9-billion acquisition of Essar Oil to enter the world's fastest-growing energy market. This April, they changed the name of the firm to Nayara Energy.