{"id":509452,"date":"2022-07-28T08:50:15","date_gmt":"2022-07-28T03:20:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509452"},"modified":"2022-07-28T09:14:37","modified_gmt":"2022-07-28T03:44:37","slug":"cabinet-approves-bpcl-units-1-6-bn-investment-plan-in-brazil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-approves-bpcl-units-1-6-bn-investment-plan-in-brazil\/","title":{"rendered":"Cabinet approves BPCL unit&#8217;s $1.6-bn investment plan in Brazil"},"content":{"rendered":"<p>The Union Cabinet on Wednesday gave approval to state-owned Bharat Petroleum Corporation Ltd (BPCL) to invest an additional USD 1.6 billion in a Brazilian oil block.<\/p>\n<p>The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved additional investment by Bharat PetroResources Ltd (BPRL), a wholly-owned subsidiary of BPCL, for the development of the BM-SEAL-11 Concession Project in Brazil, an official statement said.<\/p>\n<p>The block is to start production from 2026-27.<\/p>\n<p>BPRL has a 40 per cent stake in the block. Brazil&#8217;s national oil company Petrobras is the operator with 60 per cent interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet on Wednesday gave approval to state-owned Bharat Petroleum Corporation Ltd (BPCL) to invest an additional USD 1.6 billion in a Brazilian oil block. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved additional investment by Bharat PetroResources Ltd (BPRL), a wholly-owned subsidiary of BPCL, for the development of the BM-SEAL-11 Concession Project in Brazil, an official statement said. The block is to start production from 2026-27. BPRL has a 40 per cent stake in the block. Brazil&#8217;s national oil company Petrobras is the operator with 60 per cent interest.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-509452","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=509452"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509452\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}