New Delhi: State-run Bharat Petroleum Corp. Ltd (BPCL) has signed a strategic term contract with TotalEnergies Buying and selling Asia Pte. Ltd to obtain supplies of crude oil from West Asia.
In a press release, the corporate stated that the settlement marks a key milestone in BPCL’s efforts to strengthen power safety and diversify its crude sourcing portfolio. The deal comes a day after BPCL signed a contract with Brazil’s nationwide oil firm Petróleo Brasileiro S.A. (Petrobras) for provide of crude oil.
The contract with TotalEnergies Buying and selling Asia is legitimate for one 12 months from April 2025. It was signed by Manoj Heda, government director, worldwide commerce and danger administration, BPCL, and Thomas Waymel, president, buying and selling & delivery, TotalEnergies.
G. Krishnakumar, chairman & managing director, BPCL, stated: “This settlement with TotalEnergies Buying and selling Asia exhibits our dedication to securing secure and cost-effective crude supplies whereas fostering international power partnerships. It aligns with our technique to diversify our crude basket, making certain resilience and adaptability in an evolving power panorama. We sit up for strengthening our relationship with TotalEnergies and exploring additional collaboration sooner or later.”
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The corporate stated that the settlement displays BPCL’s proactive method in navigating international power markets whereas sustaining provide chain resilience. It additionally lays the inspiration for broader collaboration between BPCL and the France-based TotalEnergies within the evolving international power sector.
The term offers comes at a time when shipments from Russia, the highest provider to India, are anticipated to be hit on account of sanctions on a number of Russian ships by the US.
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BPCL’s refineries at Mumbai, Kochi and Bina have a mixed refining capability of round 35.3 million tonnes every year (mtpa). Its advertising and marketing infrastructure features a community of installations, depots, gas stations, aviation service stations and LPG distributors. Its distribution community includes over 22,000 gas stations, over 6,250 LPG distributorships, 525 lubes distributorships, 123 petroleum, oil, and lubricants storage places, 54 LPG bottling crops, 63 aviation service stations, 5 lube mixing crops and 4 cross-country pipelines.
Different offers signed through the ongoing India Power Week 2025 embody separate agreements between BPCL and Indian Oil Company with Abu Dhabi Nationwide Oil Co.
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