

Russian Crude Tanker Nears Mundra Ahead of Adani Ban
A tanker carrying Russian crude was approaching Adani Group’s Mundra port on Monday, marking one of the last sanctioned vessels expected to unload at the facility before a company-wide ban takes effect. The Spartan, a Suezmax tanker blacklisted last year by the United Kingdom and the European Union for transporting Russian oil, is carrying at least one million barrels of Urals crude. Shipping data from Bloomberg, Kpler, and Vortexa indicated the vessel was near a discharge point servicing HPCL-Mittal Energy (HMEL).On 11 September, Adani Group announced it would no longer permit tankers sanct..

Nayara Seeks Government Aid Amid EU Sanctions
Russian-backed Indian refiner Nayara Energy is seeking assistance from the Indian government to source equipment and materials necessary for its scheduled refinery maintenance, as European Union sanctions have made it difficult to obtain key items, sources familiar with the matter said.The private company has approached the Centre for High Technology, an advisory body under India’s oil ministry, requesting help in sourcing specialised equipment, catalysts, and other raw materials. Nayara and the Centre did not immediately respond to requests for comment.Nayara, majority-owned by Russian enti..

MEIL Wins Mandate for India’s First Private SPR
Megha Engineering & Infrastructures Ltd (MEIL) has secured a contract from Indian Strategic Petroleum Reserves Ltd (ISPRL) to build and operate India’s first private-sector strategic petroleum reserve (SPR) at Padur, Karnataka. The 2.5 million metric tonne (MMT) project is valued at Rs 57 billion, with an estimated Rs 110.2 billion crude filling cost at current prices.ISPRL had invited bids for the second phase of SPR development at Padur, marketing the tender globally to Middle Eastern producers such as Saudi Aramco and traders including Goldman Sachs and Vitol, though no foreign firms ..