NEW DELHI: State-run Bharat Petroleum Corporation Ltd (BPCL) on Saturday signed an MoU with Brazilian national oil company Petrobras as part of its plan to diversify its sourcing.
Company chairman and managing director Arun Kumar Singh and Petrobras CEO Caio Paes de Andrade signed the MoU in Brazil, BPCL said in a statement.
“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 considering the current geopolitical situations,” it said.
