EU-Sanctioned Nayara Energy Set to Receive Iraqi Crude This Week
A Nayara Energy Ltd. plant near Vadinar, Gujarat, India.
Photographer: Dhiraj Singh/BloombergA supertanker is set to deliver Iraqi crude to India’s Nayara Energy in the next day or two, in what shippers say will be the first discharge of non-Russian oil since the refiner was sanctioned by the European Union.
The Kalliopi, a very-large crude carrier, is currently heading to Vadinar port with about two million barrels of Iraqi crude, according to shipbrokers and ship-tracking data. The shipment, which is expected to arrive late on July 28, is meant for Nayara, the shipbrokers added.