• India’s Nayara Cuts Oil Refinery Run Rate After EU Sanctions

    Nayara Energy is reducing run rates at its west India refinery as more domestic and global players spurn the refiner after EU imposed sanctions on the company.

    The 400,000 barrel-a-day Vadinar refinery is currently operating at about 70%-80%, said the people, who asked not to be named due to the sensitivity of the matter. Across India, processors typically run their plants at close to 100% of their nameplate capacity, or over.

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