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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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Aaron Phypers, Denise Richards abuse case takes dramatic turn

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Aaron Phypers, Denise Richards abuse case takes dramatic turn


Aaron Phypers released on bail following Denise Richards abuse

Aaron Phypers was just released on bail following his arrest for spousal abuse.

The 53-old-year was arrested on spousal abuse charges in a Los Angeles courtroom on Friday amid his controversial divorce from Denise Richards.

Witnesses told Fox News that Phypers was heard shouting and arguing with sheriffs while on an escalator as they returned to the court to retrieve his mobile phone and belongings.

Hours later, he bailed himself out of the Lost Hills Sheriff’s Station after covering the hefty 200,000-dollar bond.

Meanwhile, TMZ reported that Richards’ estranged husband was seen with an ear-to-ear grin on his face after his release while he posed alongside a California bondswoman.

Richards was previously granted a temporary restraining order against Phypers in July, after she claimed that he once gave her a black eye during an argument.

At that time, Phypers denied Richards’ abuse allegations, and it has been alleged that the American actress gave herself the injury while drinking.

Earlier this month, Richards, who was formerly married to TV star Charlie Sheen, testified that Phypers became violent with her on multiple occasions.

As per PEOPLE magazine, in a horrifying testimony, Denise Richards told the Los Angeles Superior Court that Aaron Phypers had given her “at least three concussions” during their relationship.





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Prince William wants Prince Andrew banned from his coronation

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Prince William wants Prince Andrew banned from his coronation


Prince William wants his disgraced uncle Prince Andrew completely out of the Royal life.

The future King and first in line to the throne wants the former Duke of York banned from any Royal duty when he assumes power.

It is alleged in The Times that William is not satisfied as his uncle drops his all military titles and wants to get rid of the ‘Andrew problem.’

The source adds that Andrew will be banned “from all elements of royal life” when William is monarch.

This comes as Jennie Bond tells Mirror:”I think William has been pushing for tougher action against his uncle for a long time. It must be so dispiriting to be working hard to make the monarchy relatable, modern and a force for good in the world — only for its reputation to be so relentlessly trashed by lurid headlines about Andrew.





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Emma Stone’s new movie sets condition to watch for free

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Emma Stone’s new movie sets condition to watch for free


‘Come bald’: Watch Bugonia for free in early screening

Those who are willing to watch Emma Stone’s latest movie, Bugonia, in an early screening for free must fulfil this condition: come bald.

Yes. That’s what the post on social media read about the Yorgos Lanthimos-directed movie, which gives a nod to the lead actress who got her head shaved for the role.

“Are you bald, or willing to shave your head? On Monday, 10/20, head to the Culver Theater for a FREE advanced screening of ‘Bugonia’,” the DoLA post says on Instagram.

Emma Stones new movie sets condition to watch for free

It adds, “The new Focus Features fever dream from Yorgos Lanthimos, starring Emma Stone and Jesse Plemons.”

The post notes that a barber will be on-site for those who wish to get bald on the spot, stating, “This is real.” And yes, part of it will be filmed.”

It continues for those who wish to see the movie with their hair; tickets are also available. Yargos served as director, while Aidan Delbis, Stavros Halkias, and Alicia Silverstone starred alongside Emma.

It is worth noting Bugonia will get a wide release on Oct 24 after the limited release on Oct 31.





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