India’s BPCL to sign optional crude deal with Petrobras for 2025-26

By Sethuraman N R and Nidhi Verma

(Reuters) – 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.

“We are diversifying our crude sources and currently process oil from 21 countries. Our goal is to mitigate geopolitical risks,” Krishnakumar said.

(Reporting by Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips)

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