Sanctions working: Another tanker refuses to load fuel from Indian refinery
Photo: Another tanker will not load fuel from India’s Nayara Energy refinery (Getty Images)
Another tanker will not load fuel from India’s Nayara Energy refinery, which is under sanctions. This is the second such vessel to alter plans due to European Union restrictions, Reuters reports.
According to LSEG ship-tracking data and a shipping source, the vessel Chang Hang Xing Yun now plans to load around 35,000 tons of ultra-low sulfur diesel from Kuwait on August 1, and then head to East Africa.
Earlier, it was planned that about 35,000 tons of diesel fuel would be loaded by Nayara Energy at the port of Vadinar from July 29 to 31. The cargo was to be shipped either to Southeast Asia or Chittagong, Bangladesh, by a PetroChina-chartered vessel.
Earlier, the Talara tanker, chartered by BP, left Nayara Energy’s Vadinar port without loading any cargo.
Nayara Energy, which is partly owned by Russia’s largest oil producer Rosneft, is now subject to a new package of sanctions imposed by the EU in response to Russia’s war against Ukraine, which began in February 2022.
Sanctions against Russia and its allies
The EU has approved its 18th package of sanctions against Russia, which lowers the maximum price cap on Russian oil. However, analysts believe that the lack of participation from the US will reduce the package’s effectiveness.
At the same time, India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri stated that India may stop buying Russian oil if the US imposes secondary sanctions. India currently gets one-third of its oil from Moscow, while before the war, this share was only 2%.
