NEW DELHI, Aug 7 (Reuters) -
Russia-backed private refiner Nayara Energy, which was
sanctioned by the European Union last month, has sought help
from India's shipping ministry to get vessels for the movement
of its refined fuels, a government source said on Thursday.
Sanctions-hit Nayara is struggling to get vessels for the
supply of refined fuels for its retail stations in India. The
private refiner has already cut crude runs at its refinery.
Since EU's sanctions, Nayara has faced shippers asking
for
termination of contracts
and Microsoft ( MSFT ) briefly suspending critical
services.
The ministries of shipping, oil and foreign affairs will
shortly meet to look into Nayara's request, the source told
reporters after a meeting with Nayara officials.
New Delhi is exploring possibilities of arranging
India-flagged vessels of local companies for the private
refiners. Vessel owners are citing problems including availing
insurance cover for undertaking voyages for Nayara,
the source added.
(Writing by Hritam Mukherjee; Editing by Sonia Cheema and
Nivedita Bhattacharjee)