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Saudi, Iraqi companies halt crude sales to Indian refiner, say sources

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Saudi, Iraqi companies halt crude sales to Indian refiner, say sources


Logo of Nayara is seen at its fuel station on the outskirts of Ahmedabad, India, November 16, 2022. — Reuters 
  • Nayara misses 3m barrels monthly supply from Gulf exporters.
  • Sanctions create payment issues for Iraqi crude oil purchases.
  • Nayara refinery runs at 70–80% capacity amid sanctions. 

Saudi Aramco and Iraq’s state oil company SOMO have stopped selling crude oil to India’s Nayara Energy in the aftermath of sanctions imposed in July by the European Union on the Russian-backed refiner, three sources familiar with the matter said.

The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August, according to sources and LSEG shipping data.

Nayara typically receives around 2 million barrels of Iraqi crude and 1 million barrels of Saudi crude each month, but did not receive shipments from either of the two suppliers during August, shipping data from Kpler and LSEG showed.

SOMO and Nayara did not respond to requests for comment. Saudi Aramco declined to comment.

Two of the sources said that the sanctions had created payment problems for Nayara’s purchases from SOMO, without providing further details.

The most recent cargo of Basra crude from SOMO was discharged for Nayara by the Kalliopi, a very large crude carrier (VLCC), at Vadinar port on July 29, according to Kpler and LSEG data as well as data obtained from industry sources.

The private refiner received 1 million barrels of Arab Light carried by the VLCC Georgios co-loaded with a similar quantity of Basrah heavy on July 18, its last Saudi delivery, according to LSEG data.

Nayara is receiving direct supplies from Rosneft, an official from the Russian Embassy in New Delhi said last month.

The private company is operating its 400,000 barrel-per-day refinery at Vadinar in western India at about 70-80% capacity due to difficulties in selling its products resulting from the sanctions, sources have said.

Nayara Energy, which controls about 8% of India’s 5.2 million barrel-per-day refining capacity, has been struggling to transport fuel since the EU sanctions, relying on so-called dark fleet vessels after other shippers backed out, according to shipping reports and LSEG data.

The company’s CEO resigned in July. Last week, Nayara announced the appointment of a senior executive from Azerbaijan’s national oil company SOCAR as its chief executive.





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Josh Hall calls ex Christina Haack ‘immature’ in first post divorce remarks

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Josh Hall calls ex Christina Haack ‘immature’ in first post divorce remarks


Christina Haack’s ex Josh Hall slams her ‘teenager’ behavior after divorce

Josh Hall branded ex wife Christina Haack’s divorce conduct ‘classless’ in a new bombshell interview.

Days after settling their divorce, Hall sat down with DailyMail and broke his silence over Haack’s reaction on social media on his divorce filing, calling the HGTV star’s behavior “like a pissed off teenager,” and “immature.”

The realtor confessed that he was keeping himself “quiet” for the sake of Haack’s kids but as they have finalized their divorce, “it’s time for me to say something,” Hall said.

“I didn’t have the need for public opinion. I don’t need to impress people. I don’t need them to know my personal business. I’m more of a private person,” he began.

“Everything previously reported was only her side, and just because she says it doesn’t make it true,” he continued. “I didn’t want to have a public feud and have a back and forth publicly. Now I need to have something to say because, unfortunately, people have only read what she says.”

“I thought it lacked class, to be honest,” Hall remarked.

Further saying that “divorce isn’t something for public consumption,” he noted, “I understand that we’re public figures – I married one – but I thought it was unnecessary… Obviously don’t drag a divorce out there. It’s immature.”

“Let’s share some stuff, but the behaving like a pissed off teenager on social media is just not something I’m going to do,” he added. 





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Disney to pay $10 million to settle FTC lawsuit over collecting kids’ data

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Disney to pay  million to settle FTC lawsuit over collecting kids’ data


Disney will pay $10 million to settle allegations by the Federal Trade Commission that the entertainment company facilitated the “unlawful collection” of children’s personal data.

In a complaint filed on Tuesday, the FTC said that Disney Worldwide Services and Disney Entertainment Operations — two entities that offer technical support and media content — violated the Children’s Online Privacy Protection Rule, known as COPPA, by failing to properly label some videos uploaded to YouTube as “made for kids.” The mislabeling also exposed children to “age-inappropriate YouTube features,” the FTC said in a statement.

“Our order penalizes Disney’s abuse of parents’ trust, and, through a mandated video-review program, makes room for the future of protecting kids online — age assurance technology,” FTC Chairman Andrew N. Ferguson said in a statement. 

Signed into law in 1998, COPPA requires commercial website operators to disclose to parents of children under 13 that they are collecting personal data and obtain the parents’ prior consent.

The videos in question included content from Disney movies including “Coco,” “Frozen” and “Toy Story” and as well as music from “The Incredibles.”

A spokesperson for Disney told CBS News that the settlement does not involved Disney-owned and operated digital platforms and that it is limited to some of the content on the company’s YouTube platform.

“Disney has a long tradition of embracing the highest standards of compliance with children’s privacy laws, and we remain committed to investing in the tools needed to continue being a leader in this space,” the spokesperson said in a statement. 

YouTube requires videos to be labeled as “made for kids” if children are the video’s primary audience or if the content reflects “an intent to target children,” according to the Alphabet-owned platform. YouTube also says on its website that failure to properly label videos could lead to “legal consequences under COPPA and other laws.” 

YouTube began requiring video uploaders to add the “made for kids” label after it reached a similar settlement in 2019 with the FTC over COPPA violations. 

Disney’s agreement with the FTC also calls for the company to create a program to review whether videos posted to YouTube should be designated as made for children the agency said.



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‘The Runarounds’ cast addresses ‘Outerbanks’ connection

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‘The Runarounds’ cast addresses ‘Outerbanks’ connection


Photo: ‘The Runarounds’ cast sets the air clear about ‘Outerbanks’ connection

The Runarounds cast recently broke silence on the Outerbanks connection which has been highlighted by their fans. 

While Prime Video’s The Runarounds is linked to Outer Banks — and even shares a few familiar faces, the TV universes are not quite “connected” enough to make a crossover happen.

In an new chat with Us Weekly, The Runarounds cast opened up about reuniting with Outer Banks stars on screen following their season 3 cameo.

These included William Lipton, Axel Ellis, Jeremy Yun, Zendé Murdock and Jesse Golliher. 

“I think [our band] were just established enough to get a wedding anniversary gig on Outer Banks,” Ellis explained of the scene that laid the groundwork for their own series. 

“They were still a high school band kind of learning the ropes. They probably messed up a thing or two with that.”

Murdock, meanwhile, made it clear that the moment was not meant to send fans into theory-building mode.

“That was more for us in real life to go off the creation,” he noted. 

In conclusion, he stated, “That doesn’t have much to do with the universe.”





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