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Nayara Energy, the rebranded Indian Essar Oil, has begun limiting its intake from Iran after the nuclear deal took place between the United States and Tehran. Nayara is one of India’s biggest buyers of Iranian oil but will now limit its intake of Iranian oil to about 3-4 million barrels in a month. Nayara would thus enhance the supply and trading network of its major stakeholders, Rosneft and Trafigura to replace Iranian oil.
