Russian oil giant Rosneft-backed Nayara Energy reaffirmed its commitment to invest Rs 70,000 crore in downstream projects linked to its Indian refinery. The company criticized recent EU sanctions as unjust and harmful to India’s interests.
Key highlights:
• Nayara Energy denounces EU sanctions as a threat to India’s energy security.
• The firm operates a 20 million tonnes/year oil refinery in Gujarat and over 6,750 petrol pumps in India.
• Nayara Energy emphasizes the importance of uninterrupted petroleum product supply to Indian citizens and industries.
The development underscores Nayara Energy’s determination to continue its investments in India despite external challenges.
Source: Economic Times