IOC Buys Shale Oil from US

The Economic Times - - Companies: Pursuit Of Profit -

In­dian Oil Corp has bought the coun­try’s first shale oil from the US and is look­ing to step up im­ports from America as part of its crude di­ver­si­fi­ca­tion strat­egy. IOC bought 1.9 mil­lion bar­rels of US crude in its se­cond im­port ten­der seek­ing oil from the Amer­i­cas, com­pany Di­rec­tor (Fi­nance) A K Sharma said.

NEW DELHI

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