Nayara energy and microsoft
India’s major oil refinery company is caught in the oil game. The company first banned the company to buy Russian oil. Now the American tech company has blocked the company tech related facilities like email. Microsoft is preventing Naira from reaching data and essential products, after which Naira Energy has now filed a petition against Microsoft in the Delhi High Court.
Naira Energy has accused Microsoft that she has closed her services against the rules. A statement on behalf of the company was stated that Microsoft is preventing them from taking services while the company has obtained licenses for them by paying money. This method of suspension is unilateral and dangerous.
What is the whole matter?
Due to the war between Russia and Ukraine, the European Union banned Russia and banned Russian oil coming to Europe. Along with Russian refinery companies like Rosneft, this is also to bear veteran Indian refinery companies like Naira Energy and Reliance Industries. The EU first refused these companies to take Russian oil and banned the import in the EU for not accepting later. Nair Energy used to buy oil from Russia at cheap prices and refine it in Europe’s market. But after the ban, his refinery margin has a lot of dent. Also, after the ban from Microsoft, the company is badly trapped in the oil game.
Naira Energy and Russian Company partnership
Naira Energy is the country’s big oil company, which has an agreement with Russian oil company Roseneft. Rosneft holds 49.13 percent stake in Naira Energy Limited. With the ban on selling Russian oil in Europe, the refinery company has suffered a double setback by Microsoft shutting down services. The company said that Microsoft has taken a sudden and unilateral decision, keeping in mind the ban of EU, which is not good for the corporate at all. This also causes serious concern about India’s energy ecosystem.
Company reached court to protect rights
Naira Energy Limited has requested the High Court to protect its rights. The company said in the court that it should be allowed to reach digital infra. The company’s services which have been stopped by Microsoft should be resumed. The company said that it does not want to stop its services for Indian under any circumstances. If Roki services are restored, then it will be able to work firmly in the interest of Indians.
At the same time, Naira Energy Limited said that for the company that has stopped the tech related facilities of Microsoft, it has considered the ban imposed by the EU as the basis, which is unilateral. In such a situation, there is no provision for banning Indian law nor in American law. This decision has been taken without thinking and suddenly taken.
Role in the energy sector of the country
Naira Energy has talked about his responsibilities towards India even after the ban. The company said that it is adamant on its goal of in India for India and it will continue to try to boost the energy sector of the country and improve the economy of the region. Naira runs an oil refinery with an oil refinery with a capacity of two crore tonnes annually and more than 6750 petrol pumps at the Wadinar in Gujarat.
Naira handles 8 percent of the country’s total refinery capacity, as well as 8% of the 7% petrol pump and polypropine production is also of Naira. The company said that despite stopping all these restrictions and services, it remains in the touch of government companies of the country. The energy sector is constantly working to ensure that there is no harm.