Russian oil major Rosneft-backed Indian refinery Nayara Energy said on Tuesday it will be investing $850 million to expand into petrochemical. Nayara plans to set up a 450,000 tonnes a year Polypropylene plant, the company said in a statement.
Russian oil producer Rosneft-backed Nayara Energy, formerly Essar Oil, has firmed up plans to invest Rs 1.3 lakh crore ($19 billion) as part of its expansion plans at Vadinar near Jamnagar.
Russian-backed Indian refiner Nayara Energy has completed a long-term pre-payment deal with BP and global commodities trader Trafigura for $750 million, Nayara’s chief executive said on Wednesday.
The investigation into the Rs 31 crore “theft” of imported coal from Nayara Energy Ltd (formerly Essar Oil) godown near Salaya has been handed over to the Devbhoomi Dwarka district’s local crime branch (LCB).
Nayara Energy, integrated downstream oil company, today said that it has operationalised its rail-fed Petroleum Oil Lubricant (POL) depot at Wardha in Maharashtra.
India’s Nayara Energy, part-owned by Russian oil major Rosneft , shipped in 36 per cent more oil in January than the previous month as the refinery resumed operations after a month-long maintenance shutdown that ended in December
Rosneft controlled Nayara Energy is in talks with domestic City Gas Distribution (CGD) operators to offer natural gas retailing services at its auto fuel retailing outlets. “We are in talks with Adani, IGL (Indrapastha Gas Limited) and MGL (Mahanagar Gas Limited)
The CPCB has asked oil firm Nayara Energy why a fine of Rs one crore should not be slapped on it and prosecution not initiated over non-compliance of the NGT order on installation of anti-pollution vapour recovery systems at fuel stations.
Russian oil giant Rosneft-led Nayara Energy on Friday unveiled a $850-million expansion plan for its Vadinar refinery in Gujarat, marking its foray into the petrochemical business. Nayara Energy, erstwhile known as Essar Oil, operates a 20 million tonnes a year oil refinery at Vadinar.
Russian oil giant Rosneft-led Nayara Energy Friday unveiled a USD 850 million expansion plan for its Vadinar refinery in Gujarat, marking its foray into the petrochemical business. Nayara Energy, erstwhile known as Essar Oi