Nayara Energy Limited (NEL) (pronounced na-yaa-raa -ˈnæ.ˈjɑː rə) () is an Indo-Russian oil refining and marketing company that owns and operates Vadinar Refinery located at Dwarka district of Devbhumi Dwarka Vadinar, Gujarat, India with a capacity of 250 MMTPA of refining capacity Crude oil processed making it the second largest refinery in India. It operates 6000+ Nayara branded outlets and over 1200 petrol pumps in various states.
History Nayara Energy operates the second-largest refinery in India. It is in Vadinar, Devbhoomi Dwarka District, a few kilometres from the world's largest refining complex (Jamnagar Refinery of Reliance Industries).
Buyout It was a publicly traded company ( and ) until it was taken private in a leveraged buyout which closed on 30 December 2015. It was delisted valued at ₹380 billion (US$5.3 billion).
Operations It operates over 7000 retail fuel outlets in the country, highest for any private oil company in India.
The refinery is supported by a crude oil tanker facility, water intake facilities, a multi-fuel power plant, a product jetty, dispatch facilities (rail, road, and sea) and retail outlets.
Vadinar processes ~400,000 bpd (~20 million MT/year), making it India's second‑largest single‑site refinery, with ~7,000 retail outlets under the Nayara brand.
International sanctions
July 2025 – European Union sanctions Source:
On 18 July 2025, amid its 18th sanctions package targeting Russian oil and energy revenues, the EU designated Nayara Energy's Gujarat-based Vadinar refinery—49.13 % owned by Russia's Rosneft—as subject to sanctions, citing its status as the "biggest Rosneft refinery in India" and its role in refining Russian crude into petroleum products.
These measures include:
"prohibition on importing refined petroleum products made from Russian crude via third countries (effective after a 6‑month transition);" "asset freezes, travel bans, and restrictions on financial services and shipping/insurance for activities linked to refining or transporting Russian oil — including involvement in the EU "shadow fleet";" "a lowered EU oil price cap on Russian crude (approx. US$47.6/bbl, effective 3 Sept 2025) with a dynamic mechanism to prevent evasion;"
Impact and response:
"Nayara is banned from exporting to the EU, and risks losing access to European banking, insurance, and technology services." "India criticised the move as “unilateral” and accused the EU of “double standards”, citing strategic energy needs." "The sanctions likely hinder Rosneft’s planned 49 % stake sale and complicate Reliance’s cross-border fuel exports to Europe."
See also Rosneft United Capital Partners Vadinar Refinery Essar Group
References
External links Essar Oil BSE listing