In a big leap aimed at diversifying its crude oil sources and boosting the country's energy security, IndianOil has begun crude oil imports from the USA.
The first cargo of high-sulphur ‘Mars' crude oil was loaded recently from St. James Port on ‘Bergitta' vessel, which will tranship to another vessel ‘New Prosperity.' This ship will sail from the US Gulf Coast on 15th August 2017 after loading full cargo of 2.0 million barrels and is expected to reach Paradip in Odisha by 1st October 2017.
Today, IndianOil bought the second cargo of 1.9 million barrels of US crude oil (Mars and Eagle Ford grades) for delivery at Vadinar, Gujarat by early Nov. 2017.