4 months ago
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Bharat Petroleum Corp Ltd volition bargain 12 cardinal lipid barrels for $780 cardinal from Brazil’s Petrobas in fiscal 2027, doubly the size of its 2026 contract, to partially regenerate Russian oil, a authorities connection said connected Friday (January 23, 2026).
Refiners are redrafting their lipid import strategies, buying much lipid from West Asian, African and South American countries to make up for a simplification successful Russian lipid supplies.
The woody betwixt Bharat Petroleum Corp and Brazil’s nationalist lipid institution volition beryllium signed adjacent week astatine the India Energy Week conference, the connection added.
Other pacts
During the four-day league opening on January 27, state-run Numaligarh Refinery Ltd (NRL) volition besides motion a preliminary woody with France’s TotalEnergies to physique a 200 kilo tons per twelvemonth sustainable aviation substance task astatine Paradip successful eastbound Odisha state.
Additionally, NRL and explorer Oil India Ltd volition motion a preliminary woody with TotalEnergies to bargain liquefied earthy state (LNG) to conscionable aboriginal request of the 2 Indian companies.
Separately, BharatPetro Resources Ltd - an portion of BPCL - is acceptable to motion a pact with Shell to bargain stakes successful lipid and state companies crossed the world, the authorities connection said.
