New Delhi, Feb. 13 -- State-run Bharat Petroleum Corp. Ltd (BPCL) has signed a strategic term contract with TotalEnergies Trading Asia Pte. Ltd to receive supplies of crude oil from West Asia.

In a statement, the company said that the agreement marks a key milestone in BPCL's efforts to strengthen energy security and diversify its crude sourcing portfolio. The deal comes a day after BPCL signed a contract with Brazil's national oil company Petróleo Brasileiro S.A. (Petrobras) for supply of crude oil.

The contract with TotalEnergies Trading Asia is valid for one year from April 2025. It was signed by Manoj Heda, executive director, international trade and risk management, BPCL, and Thomas Waymel, president, trading & shipping, Total...