Nayara Energy CEO Steps Down As EU Sanctions Sting

Nayara Energy CEO Steps Down As EU Sanctions Sting

The chief executive of Nayara Energy, Alessandro des Dorides, has resigned abruptly amid mounting fallout from newly imposed European Union sanctions targeting the Rosneft-linked Indian refiner, according to an exclusive Reuters report. His departure comes just days after shipowners and fuel traders began withdrawing from deals with Nayara, citing compliance concerns. Sergey Denisov, a longtime Nayara executive, has been appointed CEO with immed…

Nayara Energy Names New Chief Executive After Former CEO Resigns

Nayara Energy Ltd., a company partially owned by Russian giant Rosneft PJSC and recently hit by EU sanctions, has appointed a new chief executive officer following the resignation of Alessandro des Dorides last week, according to people familiar with the development.

EU Sanctions start to disrupt Clean Product Exports from Nayara’s Vadinar Refinery

LONDON : The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show that the Naraya Vadinar Refinery handles roughly 10.5% of total Indian clean exports. A closer examination of India’s monthly clean oil exports shows a sharp peak in March, followed by a marked decline thro…

CEO of Russia-Backed Indian Refiner Resigns Amid EU Sanctions Impact

The CEO of Nayara Energy, a major Indian refining company with significant Russian backing, has resigned following the imposition of new European Union sanctions, sources tell Reuters. The unexpected departure comes amid growing international pressure on entities linked to Russia due to the ongoing conflict in Ukraine. Nayara, which operates one of India’s largest private oil refineries, has been under increased scrutiny as regulators tighten me…