 "India receives first shipment of US crude oil after 42 years")
India got its first shipment of crude oil from America in 42 years on Monday, at Paradip port in Odisha.
This follows the recent commitment on US oil purchases by Indian Oil Corporation (IOC) and Bharat Petroleum (BPC). Together, said IOC, they’d placed orders for over two million barrels from the US, “with the potential to boost bilateral trade by up to $2 billion”.
MT New Prosperity, a very large crude carrier, of capacity two million barrels of crude, that left US Gulf Coast on August 19, arrived at Paradip port on Monday. IOC will process the crude at
