Nayara Energy News

Industry

Moody's Investors Service downgrades Nayara Energy

Russian oil giant Rosneft-led Nayara Energy operates a 20 million tonnes a year oil refinery at Vadinar, GujaratThe weak industry conditions are reflected in the Singapore benchmark refining margins, which declined to around $4.9 per barrel for the fiscal year

1 min read31 Jan 2020
Industry

India to bar private refiners from tapping Iran oil quota

The govt has asked its four state refiners led by Indian Oil Corp. to share the entire 9 millions barrels of Iranian oil available every month under a 180-day waiver from US sanctions

1 min read17 Jan 2019
Companies

Nayara Energy takes RBI, ED to court over Fema

Nayara Energy, formerly Essar Oil that was acquired by Russia's Rosneft, is seeking stay on an RBI order imposing penalty for Fema violations

2 min read4 Jan 2019
Companies

Rosneft slams Indian taxation system, calls it hurdle

India needs to streamline its taxation system with international regime and not double tax foreign investors: Rosneft's first vice-president for economics and finance Pavel Fedorov

2 min read5 Oct 2018
Politics

India may look to lock in oil futures to stem rupee slide

Oil prices are putting pressure on India, which imports some 80% of its crude demand

2 min read20 Sep 2018
Companies

Nayara Energy to spend ₹1.5 lakh crore for capacity expansion, petrochem complex

Rosneft backed Nayara Energy's expansion plans also include increasing its retail presence and additional investment at the captive port of Vadinar

2 min read12 Sep 2018
Companies

Nayara Energy raises ₹2,400 crore in debentures

Nayara Energy raises 2,400 crore through its maiden placement of non-convertible debentures (NCDs) in the domestic market

1 min read7 Aug 2018
Companies

Rosneft’s India venture Nayara rejigs debt to cut interest costs

Rosneft's Indian venture Nayara Energy's high-interest loans are being refinanced through a mix of both rupee- and dollar-bond issuances

1 min read2 Aug 2018

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