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BPCL to buy 12 million barrels of Brazilian crude in 2027, doubling prior volume.
Bharat Petroleum Corp Ltd (BPCL) is set to sign a $780 million deal to buy 12 million barrels of crude oil from Brazil’s Petrobras in fiscal 2027, doubling its previous purchase volume.
The agreement, expected to be finalized at the India Energy Week conference starting January 27, is part of India’s broader effort to diversify oil imports away from Russia by increasing purchases from Middle Eastern, African, and South American suppliers.
The move underscores India’s growing energy partnerships with Brazil and other global players.
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BPCL comprará 12 millones de barriles de crudo brasileño en 2027, duplicando el volumen previo.