Nayara Energies

Nayara Energies is an Indian refining and marketing company that specializes in the production and distribution of petroleum products. It operates one of the largest oil refineries in India and is committed to enhancing fuel supply in the country. The company has a significant retail presence and is involved in various sectors, including fuel retailing, lubricants, and petrochemicals.

CCI Score

-14.66

-11.79% July 17

Latest Event

Minority Russian Control Raises Authoritarian Concerns

The article highlights that Nayara Energies, a major Indian refinery, has minority control by Russia’s Rosneft. This connection has raised concerns amid global debates on sanctions and duties imposed on Russian oil imports, placing the company at the crossroads of international energy policy and authoritarian influences.

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ENABLER

Nayara Energies is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

JUL

17

2025

Minority Russian Control Raises Authoritarian Concerns
-50.00

The article highlights that Nayara Energies, a major Indian refinery, has minority control by Russia’s Rosneft. This connection has raised concerns amid global debates on sanctions and duties imposed on Russian oil imports, placing the company at the crossroads of international energy policy and authoritarian influences.
MAR

21

2025

Potential Divestment of Authoritarian-Linked Investor from Nayara Energy
67.76

Rosneft, a Russian state-linked oil giant facing prolonged sanctions, is reportedly exploring the sale of its 49.13% stake in Nayara Energy, with UCP Investment Group also considering divestment. This potential change in ownership could reduce the company’s exposure to authoritarian-linked capital and associated political influence.
+70

Economic Collaboration

July 17

The reported potential exit of Rosneft and UCP Investment Group, both linked to regimes with authoritarian leanings, signals a shift away from investments tied to oppressive state influence. Removing such authoritarian-linked capital can reduce the political and economic risks linked to authoritarianism, aligning with anti-fascist principles by limiting extraneous influence over a major energy company.

Rosneft exploring exit from Nayara Energy amid sanctions: Report
JAN

16

2025

Dealer Protest Over Delayed Margin Revisions
-42.37

Dealers under the All India Nayara Dealers Association are set to protest on January 16, 2025, across India, accusing Nayara Energy of reneging on its commitment to revise dealer margins despite government directives and prior assurances by CEO Madhur Taneja. The protest highlights allegations of broken promises and corporate negligence in honoring regulatory guidelines.
-40

Public and Political Behavior

July 17

Nayara Energy's failure to implement promised margin revisions, in spite of clear government directives and explicit commitments from its CEO, has undermined public trust. This neglect has sparked a nationwide protest, reflecting a neglect in corporate responsibility in the public and political domain.

Nagpur Nayara Dealers Join Nationwide Uproar: Protests Demand Eight Year Delayed Margin Revisions
-50

Business Practices and Ethical Responsibility

July 17

The company’s inaction to revise dealer margins following its CEO's assurances represents a clear violation of ethical business practices. By failing to adhere to its own commitments and government guidelines, Nayara Energy has compromised fair business relations with its dealer network.

Nagpur Nayara Dealers Join Nationwide Uproar: Protests Demand Eight Year Delayed Margin Revisions
AUG

24

2022

Trade Isolation Amid Russian Ties
-34.01

Global oil traders and banks have severed ties with Nayara Energy, an Indian refiner partly owned by Rosneft, due to concerns over Western sanctions linked to Russia's invasion of Ukraine. Despite the divestment by major firms, Nayara continues to source Russian oil, highlighting its ongoing association with an authoritarian regime.
-50

Public and Political Behavior

July 17

Nayara Energy's significant association with the Russian state-backed Rosneft (owning about 49% of the company) and its continued business relations despite Western sanctions indicate a degree of political complicity with authoritarian regimes. This ties the company to geopolitical risks and undermines anti-fascist norms.

Major traders, banks cut business ties with Russia-backed Nayara ...
-40

Business Practices and Ethical Responsibility

July 17

Nayara Energy’s business practices, particularly its reliance on discounted Russian oil and continuation of contracts with suppliers linked to sanctioned entities, raise ethical concerns. This strategy prioritizes profit over adherence to international norms, aligning the company with practices that support authoritarian regimes.

Major traders, banks cut business ties with Russia-backed Nayara ...