New Delhi: Nayara Energy on Thursday said its refinery operations and supply of its petroleum products across the country continue at a “healthy run rate” despite the sanctions imposed by the European Union (EU).Russia’s Rosneft Oil Co.-backed company is engaging with various governmental authorities and partners for seamless transactions and to maintain operational stability, it said in a statement.The company said that despite the supply-chain inhibitions caused by the “unjust” EU sanctions, it remains committed to maintaining reliable transportation of its products through coastal, rail, and road networks to efficiently serve its customers.Last month, in an attempt to target Russia’s ability to raise revenues from its oil and energy sector as it wages a prolonged war with Ukraine, the EU unveiled sanctions on Nayara’s Vadinar refinery and also lowered the price cap on Russian oil by 15% to $47.6 a barrel from $60. The bloc also imposed sanctions on ‘shadow fleet ships’ that are largely used for moving crude oil from Russia.Calling the action baseless, unilateral and a breach of international law, Nayara later said it is actively exploring all legal options to counter the EU’s decision. The company claimed the sanctions undermine India’s sovereignty and disregard global norms.On 21 July, Nayara announced plans to invest over ₹70,000 crore in the long term across petrochemicals, ethanol plants, and marketing infrastructure expansion, among other projects.Nayara, which operates the 20-million-tonne refinery in Vadinar, said it remains committed to India’s growth story and has invested over ₹14,000 crore in various projects since August 2017, including upgrading existing refining facilities, investing in a new petrochemical plant, and other new infrastructure projects.In August 2017, Rosneft completed the acquisition of 49.13% of shares of Essar Oil Ltd from Essar Energy Holdings Ltd and its affiliates, and rebranded it as Nayara Energy in 2018.Moscow-headquartered Rosneft had described the EU’s sanctions on Nayara’s refinery in Gujarat as “unjustified and illegal”.Rosneft had said it is not a controlling shareholder as the company’s share in the authorized capital of the enterprise is less than 50%, and the Indian enterprise is managed by an independent board of directors. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Nayara, affected by sanctions, has announced that it is engaging in discussions with government authorities to ensure uninterrupted operations.
