Nayara Energy is reducing run rates at its west India refinery as more domestic and global players spurn the refiner after EU imposed sanctions on the company.
The 400,000 barrel-a-day Vadinar refinery is currently operating at about 70%-80%, said the people, who asked not to be named due to the sensitivity of the matter. Across India, processors typically run their plants at close to 100% of their nameplate capacity, or over.