16MAY2018 - NEWS - First cargo of two million barrels of crude oil from UAE to India shipped on 14 May

Recently on 14 May, the first cargo of two million barrels of crude oil was shipped from UAE which is destined for India's strategic petroleum reserve at Mangalore. The loading and shipping of this cargo of crude oil is under an agreement between Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves Ltd (ISPRL). Founded in 1971, Abu Dhabi National Oil Company (ADNOC) is a state owned oil company headquartered at Abu Dhabi, United Arab Emirates.