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BPCL to ink $780 mn Petrobras crude deal

Mint Bangalore

|

January 24, 2026

State-run Bharat Petroleum Corp. Ltd (BPCL) will sign a contract with Brazil's Petrobras next week to supply 12 million barrels of crude oil a petroleum ministry statement said, as India continues to diversify its sourcing beyond Russia and West Asia.

- Rituraj Baruah

The contract will be signed at the India Energy Week 2026, to be held in Goa on 27-30 January. BPCL and Petrobras had signed a one-year contract in February last year. Under the new contract, crude oil will be supplied over FY27.

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