SINGAPORE/NEW DELHI, Sept 26 – Russia-backed Indian refiner Nayara Energy is exporting oil products through sanctioned tankers and tapping new markets this month as it revives overseas sales in the aftermath of crippling sanctions, LSEG and Kpler shipping data shows.
The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil.
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Nayara’s exports of clean products – gasoline, gasoil and jet fuel – fell to around 80,000 barrels per day in August and September – down from about 138,000 bpd in January-July, Kpler data showed.
Nayara has been forced to reduce crude runs at its 400,000-barrel-per-day refinery in Vadinar in western India to 70%-80% of its capacity, sources familiar with the matter said, due to difficulties in chartering ships and selling fuel from the port following sanctions.
Before the sanctions, Nayara sold its refined products mostly to Western, Middle Eastern and Asian trading firms for export to Asia and northwest Europe, according to traders and shipping data.
After the embargo, most Nayara cargoes are bound for the Middle East, Turkey, Taiwan and Brazil, the data showed.
Since resuming exports in early August, at least 16 cargoes of diesel, gasoline and jet fuel have shipped out on EU–sanctioned tankers from Vadinar port, where Nayara’s refinery is located, the data showed.
Five of the tankers loaded with Nayara’s products in August and September are floating off Oman and the United Arab Emirates, the data showed.
Some of the tankers conducted ship-to-ship transfers off Oman and Egypt. Another two tankers discharged their cargoes at Turkis Enerji Storage Tank Farm in Turkey.
Tankers Blue Ember and Anaya that loaded at Vadinar in August and September respectively, are heading to the Brazilian ports of Santos and Paranagua, the data showed.
Nayara Energy, authorities in Oman, the UAE and Brazil, Egypt’s energy ministry and Turkis Enerji did not respond to requests for comment.
Another tanker Opal discharged high-sulphur gasoil loaded from Vadinar on August 22 at Taiwan’s Taichung port on September 16, the data showed.
Taiwan’s Ministry of Economic Affairs declined to comment. Taiwan has wide-ranging sanctions on Russia, but does not explicitly ban Russian energy imports.
Traders said a major buyer for Nayara’s gasoline cargoes to the Middle East is Redwood Global Supply. Reuters could not find contact information for Redwood.
The company is primarily engaged in the import and export of crude oil, particularly Russian Export Blend Crude Oil (HS Code: 27090010). According to trade data, Redwood Global Supply FZ-LLC has completed transactions with Nayara Energy Ltd., an Indian oil refiner, with shipments originating from Vadinar, India, and involving Russian crude oil. These transactions were recorded on July 14 and July 18, 2025, with Bill of Lading numbers 0382786 and 5105658, respectively
Redwood Global Supply FZ-LLC is a Free Zone Limited Liability Company (FZ-LLC) registered in the United Arab Emirates (UAE), specifically in the Ras Al Khaimah Free Zone. The company was established on November 22, 2024, and is registered under the Ministry of Economy, UAE, with the registration number VUNE0470. Its legal address is:
Compass Building, Al Hulaila Industrial Zone-FZ, Ras Al Khaimah, UAE
| Tanker | Cargo | Load Date | Discharge Date | Destination Port/Country |
|---|
| Tempest Dream | Gasoline | August 1-3 | August 12 | Sohar, Oman |
| Sard | Diesel | August 4-5 | NA | Ship-to-ship transfer (STS) with Wu Tai |
| Runa | Diesel | August 8-10 | August 25-28 | STS with unknown vessel off Sohar, Oman |
| Varg | Gasoline | August 11-13 | September 4 and 21 | STS with Wu Tai and Petunia/Santa Ana off Sohar, Oman |
| Nova | Diesel | August 11-14 | September 3-5 and 11 | STS with Marble at Damietta, Egypt; Discharged at Turkis Enerji Storage Tank Farm |
| Blue Ember | Diesel | August 17 | September 25-26 | Santos, Brazil |
| Tempest Dream | Gasoline | August 20 | NA | Floating off Sohar, Oman |
| Opal | High-sulphur gasoil | August 22 | September 16 | Taichung, Taiwan |
| Blage | Diesel | August 25-29 | September 12-15 | Turkis Enerji Storage Tank Farm |
| Bela | Gasoline | September 2 | NA | Floating off Muscat, Oman |
| Blue Talu | Diesel | September 2-6 | NA | Floating off Sohar, Oman |
| Xing Chen | Diesel | September 9-12 | NA | Passing Suez Canal |
| Runa | Jet fuel | September 12-13 | NA | Floating off Khor Fakkan, UAE |
| Varg | Gasoline | September 13-14 | NA | STS with Wu Tai off Sohar, Oman |
| Sard | Gasoline | September 16 | NA | Floating off Sohar, Oman |
| Anaya | Diesel | September 14-16 | October 15-16 | Paranagua, Brazil |
Reporting by Florence Tan, Trixie Yap, Nidhi Verma and Mohi Nayaran in New Delhi; Additional reporting by Marta Nogueira in Rio de Janeiro, Ben Blanchard in Taipei, Yousef Saba and Sarah El Safty in Dubai Editing by Tony Munroe and Mrigank Dhaniwala
Nidhi Verma is an award-winning journalist working with Reuters. Presently, she is working as Team Leader-Energy in India. She has more than two decades of experience in covering India and global energy sector. Her stories show a new dimension of the energy sector, the nuances of the oil trade, the role of geopolitics and the diplomatic efforts that a country makes to mitigate the impact of external shocks.
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