India’s Nayara Turns to Dark Fleet and Russian Oil for Survival

Nayara Energy, an Indian refining company, has turned to a "dark fleet" of tankers and Russian oil to sustain its operations after being hit by European Union sanctions. The company is facing a narrowing pool of crude oil imports as it navigates the post-sanction landscape. Nayara, which is partly owned by Russian oil giant Rosneft, is utilizing a fleet of ships that are difficult to track to transport its products. This shift comes as the company seeks alternative sources of crude oil, primarily from Russia, to maintain its refining operations. The article highlights the challenges faced by Nayara Energy in the wake of the EU sanctions, forcing the company to adapt its supply chain and explore new avenues to secure crude oil and keep its business running. The reliance on a "dark fleet" and Russian oil underscores the impact of the sanctions on the Indian energy sector and the need for companies to find creative solutions to sustain their operations.