India Receives First-Ever Shipment of US Crude Oil

India received its first ever shipment of US crude oil with state-owned Indian Oil Corp (IOC) importing 1.6 million barrels at Paradip in Odisha.

MT New Prosperity, a very large crude carrier (VLCC), with a capacity to haul two million barrels of crude, left US Gulf Coast on August 19 and arrived at Paradip port. “IOC will process the crude at its refineries located at Paradip, Haldia (in West Bengal), Barauni (in Bihar) and Bongaigaon (in Assam),” the company said in a statement.

A function was held at the Paradip port to mark the arrival, which was attended by officials of IOC, oil ministry and the US Embassy. “IOC, which became the first Indian public sector refiner to source US crude, has placed a cumulative order for 3.9 million barrels (of US crude),” it said.

Paradip India

State-owned Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have also placed orders for about 2.95 million barrels and 1 million barrels of US crude respectively for their Kochi and Vizag refineries.