Bharat Petroleum signs agreement with TotalEnergies Trading Asia for Middle Eastern crude supply

Bharat Petroleum Corporation Limited (BPCL) signed a one-year strategic contract with TotalEnergies Trading Asia for the supply of Middle Eastern crude oil from April 2025 to March 2026. The agreement ensures a steady and competitive supply for BPCL’s refineries, enhancing energy security and diversifying its crude sourcing portfolio.

India says Russian oil suppliers must provide sanctions-compliant cargoes

India, the world’s third-largest oil importer, seeks Russian crude oil compliant with U.S. sanctions. Despite buying discounted seaborne oil from Russia, India’s refiners are cautious due to exposure to the U.S. financial system. Indian officials emphasize that suppliers must ensure compliance with their internal regulations to avoid operational challenges and risks associated with secondary sanctions.

BPCL inks crude purchase pact with Brazil's Petrobras

Bharat Petroleum Corporation Ltd (BPCL) has entered an annual crude purchase agreement with Brazil’s Petrobras, which includes a possible extension for another year. Additionally, Petrobras has signed preliminary agreements with ONGC Videsh and Oil India to jointly explore India’s deep and ultra-deep offshore regions. These agreements focus on exploration, production, and decarbonization opportunities.