First cargo of IndianOil’s crude oil imports from US shipped

The ship from the US Gulf Coast after loading full cargo of 2 million barrels is expected to reach Paradip in Odisha by October 1

GN Bureau | August 16, 2017


#PSU   #IndianOil   #US   #oil barrels   #Paradip   #Vadinar  

 In a big leap aimed at diversifying its crude oil sources and boosting the country’s energy security, IndianOil Corporation has begun crude oil imports from the US.

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 after loading full cargo of 2 million barrels and is expected to reach Paradip in Odisha by October 1, 2017.
 
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 November 2017.
 

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