Nayara Energy's Vadinar Refinery to Resume Operations in Mid-May
India's Nayara Energy to Resume Operations at Vadinar Refinery in Mid-May
India's Nayara Energy is expected to resume operations by mid-May at its 400,000-barrels per day Vadinar refinery in western Gujarat state after a maintenance shutdown. The refinery had been fully shut since April 9.
According to Sujata Sharma, a joint secretary in the federal oil ministry, the refinery was originally scheduled to shut for a month-long maintenance last year. However, due to European Union sanctions, which made it difficult to secure key items required for the turnaround, the plan had to be postponed.
Key Details
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| Refinery Details | Original Schedule | Actual Schedule |
|---|---|---|
| Refinery Name | Vadinar | Vadinar |
| Capacity | 400,000 barrels per day | 400,000 barrels per day |
| Shutdown Start Date | Not Specified | April 9 |
| Shutdown End Date (Original) | Not Specified | Mid-May |
| Shutdown Reason (Original) | Maintenance | Maintenance, delayed due to EU sanctions |
The majority owner of Nayara Energy, Russian entities including oil major Rosneft, will likely benefit from the resumption of operations at the refinery.
Investor Takeaway
Nayara Energy's refinery is expected to resume operations in mid-May, with minimal market impact.
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