Original title: Saudi Arabia, Iraq Stop Oil Shipments to Nayara After Sanctions
Saudi Arabia and Iraq aren’t shipping any crude to Nayara Energy Ltd.’s refinery in western India after it was sanctioned by the European Union. Saudi Aramco halted crude oil sales to Nayara after the bloc’s measures, according to two people with direct knowledge of the situation. One of the people cited payment issues due to sanctions as the reason for the stoppage. Likewise, Nayara didn’t receive any shipments from Iraq state oil marketeer SOMO in August, another person familiar with the matter said.