First shale oil shipment to arrive later this month

The shale oil will be refined at one of IOC's refineries in Gujarat, Panipat, or Agra

India will receive its first cargo of shale oil, to be processed at an Indian Oil Corporation (IOC) refinery. This will be the second cargo of crude oil from the US, the first one was conventional crude oil bought through PetroChina.

The shale oil cargo is expected to arrive on the west coast this month. IOC had, on October 2, imported l2 million barrels of conventional crude oil, the first shipment to India since the US stopped oil exports in 1975. “The first cargo was conventional crude oil. The second cargo that will be reaching the west coast has shale oil,”