NOVELTY - Multi-stage process of treating organic waste comprises: (a) drying sewage sludge waste to reduce the water content; (b) mixing dried sewage sludge with solvent medium for slurry preparation; (c) subjecting the slurry to a thermo-chemical liquefaction process to give gaseous, liquid and solid products; (d) separating the formed slurry product-a1 to form slurry product-a2 and to condensable gas; (e) steam stripping of slurry product-a2; (f) cooling and separating the obtained mix vapor phase; (g) subjecting the obtained oil product to vacuum distillation; and recirculating remaining fraction.    USE - The process is useful for treating organic waste, which is sewage sludge. The process is useful for producing a fuel product (all claimed) and crude oil.    ADVANTAGE - The process provides fuel and crude oil at improved yields and higher energy efficiency of.    DETAILED DESCRIPTION - Multi-stage process of treating organic waste comprises: (a) drying the sewage sludge waste to reduce the water content to below 15%; (b) mixing dried sewage sludge with solvent medium for slurry preparation; (c) subjecting the slurry to a thermo-chemical liquefaction process in the presence of a solvent medium at 275-375 degrees C and a pressure of up to 10 atmospheres, thus obtaining gaseous, liquid and solid products in the form of slurry product-a1, where the solvent medium is optionally from a solvent recirculating stream; (d) separating the formed slurry product-a1 to form slurry product-a2 and to condensable gas which contain water and other liquid fractions boiling out at up to 250 degrees C; (e) steam stripping of slurry product-a2 at 250-400 degrees C, preferably 300-350 degrees C, separating the liquid products from solid residue by converting the liquid products to the vapor phase, thus obtaining mix vapors and solid char; (f) cooling and separating the obtained mix vapor phase, obtaining two separate streams of oil and water; (g) subjecting the oil product obtained in step (f) to vacuum distillation for the recovery of fractions having a boiling temperature of 250-350 degrees C; and recirculation of the remaining fraction having a boiling temperature of above 350 degrees C as the recirculating solvent medium for step (b). An INDEPENDENT CLAIM is included for a fuel product comprising oil distillates having a boiling temperature of up to 250 degrees C (light oil) and 250-350 degrees C (middle distillate) obtainable by the process.