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Three ships loaded with oil products from Nayara Energy are waiting to unload their cargo as EU sanctions have hit the refiner backed by Moscow.
Nayara Energy operates India’s third-largest refinery and is mostly owned by Russian entities, including oil company Rosneft.
Sanctions were imposed on it on July 18, 2025, to target Moscow and its oil trade, causing shippers and traders to stop dealing with its cargo.
Panama-sized tanker Alora was chartered by the refiner. Loaded with 60,000 metric tons of jet fuel, it remains anchored off Portugal’s Sines Port since arriving there on July 18, 2025.
A person stated that the cargo has been paid for, though the ship is not able to discharge it, given that EU oil surveyors and others are hesitant to handle products connected to sanctions.
Nayara Energy usually sells two to three spot cargoes of diesel and jet fuel monthly.
It called the sanctions illegal and unjustified and has been forced to reduce its operations at the 400,000 barrels per day crude unit because of storage constraints.
A few sources said that some vessel owners also want to terminate their contracts with the refiner.
Another tanker, Em Zenith, was scheduled to reach Malaysia’s Tanjung Pelepas Port this coming Thursday, but it is anchored in the Malacca Straits.
The Singapore-flagged vessel owned by Equatorial Marine was loaded with 40,000 tons of diesel from Nayara Energy’s Vadinar Port in mid-July. The cargo was intended to be used for bunker fuel blending, per sources.
A third tanker, called Pacific Martina, chartered by Shell, has also remained close to the Gulf of Oman since last week after receiving 60,000 tons of jet fuel from Vadinar Port on July 18, 2025. The cargo is yet to find a buyer.
The previous week, a crude tanker was diverted from Nayara Energy’s Vadinar Port and two product tankers skipped planned diesel loadings from the refiner.