The Headlines – Nayara Energy, India’s Russia-backed refinery, faces fresh US, EU sanctions trouble; EPC work hit – here’s what’s happening

EU and US economic restrictions are impacting Nayara Energy’s EPC operations, leading firms like Technip Energies and PT Timas Suplindo to withdraw from tenders. Despite no direct sanctions, Nayara faces challenges due to Rosneft’s significant ownership.

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