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India’s Nayara Energy Buys Sokol Cargo

OIL

Indian refinery Nayara Energy is scheduled to receive a Sokol grade shipment this week, a company source told Reuters during India Energy Week.

  • Vessel Jaguar is expected to discharge at the Vadinar port in western Gujarat state where Nayara's oil facility is located, LSEG data and a shipping report showed.
  • The source added that there is plenty of Sokol crude available and there is no problem in buying it.
  • India’s BPCL has no plans to buy Russian Sokol grade crude, an official said.
  • According to LSEG data, India is scheduled to get at least five cargoes of Sokol crude in February, compared with none in January.
  • Around 14 tankers carrying a total of 10mn barrels of Russian Sokol grade crude have been stranded off the coast of South Korea near the port of Yosu for weeks, Kpler data showed on 26 January. The tankers are unsold due to US sanctions and payment issues, two traders told Reuters.
Energy BulletsCommodities
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