BPCL strengthens energy security and maritime capabilities through strategic agreements with Petrobras and SCI, aiming for stable supplies.

The contract would initially be valid for one year and can be extended by another year, BPCL said. The move is in line with the government's focus on diversifying India's crude oil sources and strengthen energy cooperation with Brazil.

India's Bharat Petroleum Corp will sign a contract with Brazil's Petrobras for optional crude imports of 6 million barrels in 2025-26, Chairman G Krishnakumar said on Wednesday at the India Energy Week conference.

Oil PSU Bharat Petroleum Corporation Limited (BPCL) on Wednesday announced the signing of a term contract with Brazil’s national oil company, Petróleo Brasileiro S.A. (Petrobras), for the supply of 6 million barrels of Brazilian crude oil in FY26.