India’s Nayara Energy hit by EU sanctions as BP tanker leaves without diesel load

A tanker chartered by BP has left the Vadinar port in India without loading diesel as planned, following recent European Union sanctions against Nayara Energy, sources and shipping data indicate.

The vessel, Talara, was scheduled to load 60,000 metric tonnes (approximately 447,000 barrels) of ultra-low sulphur diesel on July 21, with the cargo destined for Africa, according to data from LSEG, Caliber.Az reports, citing foreign media.

However, five industry sources, speaking anonymously as they were unauthorised to discuss the matter publicly, confirmed that the loading did not take place after the EU imposed sanctions on Nayara.

Nayara Energy, partly owned by Russia’s largest oil producer Rosneft, is one of India’s two private fuel exporters.

The recent EU sanctions are part of a broader package targeting Russia’s oil and energy sector amid the ongoing war in Ukraine.

The decision by BP to release the Talara tanker means it is now available for charter elsewhere within India or the Middle East, two sources added.

In response, Nayara issued a statement condemning the EU’s “unjust and unilateral” decision to impose sanctions on the company. Meanwhile, India stated on July 18 that it did not support the EU’s “unilateral sanctions.”

By Aghakazim Guliyev