Nayara Skips Naphtha Tender After EU Sanctions

25 Jul 2025 CW Team

Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has withheld awarding a spot naphtha export tender after altering its payment terms, according to three trade sources on Wednesday.

This marks the first time the private refiner has not awarded a tender since the European bloc introduced its 18th sanctions package last week, which named Nayara Energy—part-owned by Russia’s Rosneft. The company, which operates a 400,000 barrels-per-day refinery in Gujarat, had changed its terms, seeking either advance payment or a letter of credit for the sale of a 33,000–35,000 metric tonne cargo scheduled to load between 14 and 18 August.

The tender closed on Monday without an award, and Nayara has not responded to emails from Reuters requesting comment.

Meanwhile, a tanker chartered by BP reportedly departed from a Nayara-operated port without loading, suggesting that the new EU sanctions may be impacting operations.

Nayara has criticised the EU’s move, calling the sanctions “unjust and unilateral”.

Infrastructure Urban

09 Mar 2026

Hong Kong Mission Explores UAE and Egypt Textile Opportunities

Hong Kong is strengthening its role as a global sourcing and supply chain hub for the garment and textile sector, offering international businesses access to advanced logistics, sourcing networks and design expertise. With nearly a century of industry experience, Hong Kong companies are recognised for their Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) capabilities, supporting major global brands with high-quality garments and efficient supply chain solutions.In recent decades, the city’s garment industry has evolved beyond manufacturing to focus on higher va..

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..