Shale Oil Shipment

Fuelling tensions: West Asian conflict reveals India's oil vulnerability

Iran attacked Israel after an airstrike by Jerusalem on April 1 on an Iranian embassy compound in Damascus killed an Iranian general and six officers

'Attacks on ships in Red Sea to affect crude oil flow from West Asia'

Iran-backed Houthi attacks lead to rerouting of vessels which can result in higher oil prices

Lack of uniformity in clearance of proposals hurting shale explorers

Investment of over $2 bn by Great Eastern rejected, despite Cabinet giving nod to uniform licensing

Cash in on opportunity

Oil, whether shale or crude, is essential for almost all economic activity in India

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