Saudi Arabia and Iraq stopped oil supplies to India

The Saudi Arabian state-owned company Saudi Aramco and Iraq's state corporation SOMO have restricted oil supplies to the large Indian company Nayara Energy. This was reported by Zamin.uz.

This decision is said to have been made as a result of the European Union's sanctions imposed on countries cooperating with Russia. According to information, the main shares of Nayara Energy belong to Russia's Rosneft company, which used to import about three million barrels of Saudi and Iraqi oil every month.

However, the situation changed in August, and the company started to receive oil only from Russia. Due to the cessation of supplies from other countries, operations were limited solely to Moscow.

As a result, the oil refinery plant in Vadinar city was forced to reduce production by 70-80 percent. This situation affected not only the production volume but also caused a shortage of products in both domestic and foreign markets.

The company is currently using covert tankers – the "black fleet" service – to overcome sales difficulties and transportation problems. Although such practice is not prohibited by official laws, it raises discussions about transparency and security issues in the international market.

Additionally, the United States is sharply criticizing India's purchase of oil from Russia. President Donald Trump accused New Delhi in August of not limiting relations with Moscow and imposed an additional 25 percent tariff on Indian products.

This tariff affected products such as clothing, precious stones, furniture, and footwear. Experts emphasize that this decision will negatively impact trade relations between the two countries.