Sanctions may delay Rosneft's India ops expansion

Rosneft owns a 49% stake in Nayara Energy, which operates a 20 million tonnes a year refinery in Gujarat and more than 6,000 fuel retail outlets across India. Oil trader Trafigura and Russian investment group UCP are other shareholders in Nayara. Nayara didn't respond to ET's email seeking to understand the impact of sanctions on the company.

from Energy-Industry-Economic Times https://ift.tt/2KjE1Ol