EU sanctions on Russia hit Indian oil firm Nayara
Nayara Energy, a major Indian oil refinery with Russian owners, is running into trouble because of European Union sanctions.
These rules have made it tough for them to get key maintenance gear and equipment they usually buy from Western companies.
To keep things running smoothly, Nayara has reached out to the Indian government for support.
Nayara's Vadinar refinery is due for maintenance shutdown in February
The company's massive Vadinar refinery (handles 400,000 barrels a day) is due for a maintenance shutdown in February.
With Western supplies blocked, Nayara is looking at Russia and China for alternatives—but there are real worries about whether these will work as well or could affect output quality.
On top of that, since EU sanctions imposed in July kicked in, the refinery can only process Russian crude because payment issues have stopped deliveries from other countries like Iraq and Saudi Arabia.
All this highlights how global politics can hit home—even at the fuel pump.