Nayara Energy

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas

India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas

Govt opens up fuel retailing; allows non-oil companies to set up petrol pumps to increase competition

The government on Wednesday opened up fuel retailing norms, allowing non-oil companies to set up petrol pumps to increase competition

Oil PSUs to allot 65,000 petrol pumps: All you need to know if you are planning to apply for petrol pump dealership

Expert panel seeks public comments on easing norms for setting up petrol pumps

The Oil Ministry had last month set up a five-member expert committee to recommend easing of fuel retailing licensing rules.

Essar Group will deleverage Rs 1.25 lakh cr debt if its offer for Essar Steel is accepted

Last week, the Committee of Essar Steel Creditors picked world's largest steelmaker ArcelorMittal's Rs 42,000 crore takeover offer over the company promoter's Rs 54,389 crore proposal to pay off all of the lenders' dues.

Dharmendra Pradhan says two Indian companies to buy Iranian oil in November, unsure about waiver from US sanctions

Oil minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.

Fuel price cut: Private retailer Nayara Energy joins state-owned oil companies in subsidising petrol, diesel

India's biggest private fuel retailer Nayara Energy, formerly known as Essar Oil, will join state-owned oil companies in subsidising petrol and diesel by Re 1 per litre, its chief executive B Anand said on Friday.

India should reduce or stop crude oil import from Iran, increase dependence on Saudi Arabia, Iraq: Moody's

Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other West Asian suppliers like Saudi Arabia and Iraq, Moody's Investors Service said.

SBI to stop handling Iran oil payments after US sanctions; Indian Oil says fuel supply to get hit from end of August

Such a move from SBI comes after US President Donald Trump pulled out of an international nuclear deal with Iran on 8 May

Rosneft-owned Essar Oil to be rename Nayara Energy; aims to scale up petrol pump network to 6,000 outlets

Rosneft and its partners completed the $12.9-billion acquisition of Essar Oil last August to enter the world's fastest-growing energy market