The present invention relates to a process for production of anisotropic coke from a hydrocarbon feedstock and a system for producing the same. More particularly, the present invention relates to a thermal cracking of heavy petroleum residue producing petroleum coke and lighter hydrocarbon products. The invented process utilizes a novel scheme for production of a premium quality coke from primarily, a clarified oil feedstock. Clarified oil from fluid catalytic cracking unit is routed through a process scheme comprising a separator column, hydrotreatment section and an aromatic extraction section to create an ad-mix of effluents which form the feedstock to a thermal cracking unit. Premium quality anisotropic coke is produced in the thermal cracker reactor drums under tailor made process conditions employing the said feedstock.