Saudi and Iraqi Oil Giants Cut Supplies to India’s Nayara Amid Sanctions Pressure
Saudi Aramco and Iraq’s state oil firm SOMO have stopped shipping crude to India’s Nayara Energy after European Union sanctions hit the Russian-backed refiner, according to people familiar with the matter. The move forced Nayara, which is majority-owned by Russia’s Rosanne and other Russian entities, to rely entirely on Russian crude in August, shipping data…