{"id":509545,"date":"2022-07-28T11:02:26","date_gmt":"2022-07-28T05:32:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509545"},"modified":"2022-07-28T11:02:26","modified_gmt":"2022-07-28T05:32:26","slug":"bpcl-units-1-6-billion-investment-in-brazilian-oil-block-okayed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-units-1-6-billion-investment-in-brazilian-oil-block-okayed\/","title":{"rendered":"BPCL unit&#8217;s $1.6-billion investment in Brazilian oil block okayed"},"content":{"rendered":"<p>The Cabinet has approved an additional investment of $1.6 billion by Bharat Petro Resources Ltd NSE -0.38 % (BPRL), a fully-owned unit of state-run BPCL NSE 0.75 %, for the development of a Brazilian oil block.<\/p>\n<p>BPRL has a 40% participating interest in the Brazilian block- BM-SEAL-11 &#8211; which is expected to start production in 2026-27. With 60% participating interest, Petrobras, the national oil company of Brazil, is the operator of the block.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cabinet has approved an additional investment of $1.6 billion by Bharat Petro Resources Ltd NSE -0.38 % (BPRL), a fully-owned unit of state-run BPCL NSE 0.75 %, for the development of a Brazilian oil block. BPRL has a 40% participating interest in the Brazilian block- BM-SEAL-11 &#8211; which is expected to start production in 2026-27. With 60% participating interest, Petrobras, the national oil company of Brazil, is the operator of the block.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-509545","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509545","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=509545"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509545\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}