Brazilian oil company Petrobras has signed a strategic term contract with Bharat Petroleum Corporation (BPCL) for the supply of Brazilian crude oil grades. Additionally, Petrobras has entered cooperation pacts with ONGC Videsh (OVL) and Oil India to explore oil and gas opportunities,

Brazilian state-run oil giant Petrobras said on Wednesday it has signed a memorandum of understanding seeking to cooperate with India's ONGC, a fellow state-controlled company, in several areas. The agreement aims to "expand mutual opportunities" in exploration and production,

State-run OMC Indian Oil Corporation and the UAE’s ADNOC signed a sale and purchase agreement for sourcing of long term LNG up to 1.2 MMTPA from 2026 onwards for 14 years. The contract is valued over $7 billion,

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.

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.

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.