New Delhi: Rosneft-backed Nayara Energy imported close to its full average crude requirement in October, the first time in five months after a stretch of constrained supplies.
The entire inflow was Russian crude, with regular suppliers—UAE and Saudi Arabia— still holding back. With improved crude availability, Nayara ramped up refinery runs. Fuel exports, though well below normal, found newer destinations such as Brazil, Turkey and Sudan, while its traditional markets—UAE, Oman, South Africa and Malaysia—remained inaccessible.
Nayara received 397,000 barrels per day (bpd) of crude in October, up from 323,000 bpd in September and 242,000 bpd in August, according to Kpler. In 2024-25, it imported 386,000 bpd on average, with 269,000 bpd from Russia and the rest from Iraq and Saudi Arabia.
Imports plunged in August after Iraq and Saudi Arabia suspended supplies following EU sanctions on Nayara. June and July volumes were also depressed due to lower Russian flows. Russia has now completely filled that gap.
Refinery utilisation has improved to 85-90 per cent, though still below its usual level of above 100 per cent, said Sumit Ritolia, lead research analyst, refining & modelling at Kpler. Runs had dropped to 60-70 per cent in previous months.
Fuel exports in October stood at 76,000 bpd, down 21 per cent month-on-month and 48 per cent year-on-year.
