Sunday, September 20
A refinery in India that’s part-owned by a Russian energy producer tightened conditions for selling products after the European Union imposed sanctions on the company, highlighting the fallout for the processor, its customers, and the wider market from the tougher restrictions.Nayara Energy Ltd., part-owned by Rosneft PJSC, said it was seeking advance payment or a documentary letter of credit, before loading a shipment of naphtha next month, according to a revised tender document seen by Bloomberg. An earlier tender asked for no such requirements.Also Read: EU hits Russia with sweeping new sanctions; including curbs on a Russian-owned oil refinery in IndiaThe global oil market is tracking the evolving web of restrictions against Russia-linked energy products and producers as the EU and o
