Nayara Energy, an Indian refiner part-owned by Russia's Rosneft and newly sanctioned by the European Union, has revised payment terms to sell a spot naphtha cargo in a tender issued on Monday, according to a document seen by Reuters.

India's oil trade with the European Union is under scrutiny as the EU deliberates on new restrictions targeting refined petroleum imports.

Nayara Energy’s Vadinar unit becomes first Indian refinery to face Western sanctions; Govt defends energy trade as vital for citizens.