This article presents experimental and theoretical data on the catalytic cracking of oil sludge mixed with vacuum gas oil with and without activation of the feedstock by electromagnetic radiation. Mathematical models of the catalytic cracking of oil sludge in the presence of aluminosilicate zeolite catalysts are constructed. It is demonstrated that preactivation of the feedstock enhances gasoline and diesel yield upon cracking. Cracking of activated feedstock occurs with a lower activation energy.