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 Refinery 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.

About Indian Oil Corporation (IndianOil)

Indian Oil Corporation Ltd. (IndianOil) is India's largest commercial enterprise, ranked 119th among the world's largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2015. IndianOil has been meeting India’s energy demands for over half a century. Its business interests straddle the entire hydrocarbon value-chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals, besides forays into alternative energy and globalisation of downstream operations. As part of its Exploration & Production portfolio, IndianOil has participating interest in eight domestic and seven overseas blocks. The seven overseas blocks are located in Libya, Gabon, Nigeria, Yemen, Venezuela, Canada and USA.