New Delhi, Sept. 25 -- In a landmark development to diversify crude oil sourcing for energy security in India, Bharat Petroleum Corporation Limited (BPCL), a 'Maharatna' and a Fortune Global 500 Company, today signed a Memorandum of Understanding (MoU) with M/s Petrobras, the national oil company of Brazil.
The MoU was signed by Shri Arun Kumar Singh, Chairman & Managing Director, BPCL and Mr.CaioPaes de Andrade, CEO Petrobras, in presence of Shri Pankaj Jain, Secretary, MoPNG, Indian Ambassador to Brazil and other officials from MoPNG, in Brazil.
The signing of the MOU will strengthen future crude oil trade relations between the two companies and explore potential crude import opportunities by BPCL, on a long term basis, especially consi...