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Published: Aug 31, 2022
Updated: Aug 31, 2022
Nayara Energy, owned by Russian energy giant Rosneft, is in deep trouble, with insurance companies unable to provide it cover and the company unable to buy crude from international sources other than Russian crude.
The company, earlier known as Essar Oil, is up for sale again and all its investors are looking to exit. Apart from Rosneft, Singapore-based trading firm Trafigura owns a 26 per cent stake and is looking to exit. The question is: Who will go fishing for Nayara — Ambani or Adani?
February 15, 2025 - First Issue
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