BPCL Signs Strategic Term Contract with TotalEnergies Trading Asia for Middle Eastern Crude Supply
13 Feb 2025 | New Delhi, India
Bharat Petroleum Corporation Limited (BPCL) has signed a strategic term contract with TotalEnergies Trading Asia Pte Ltd for the supply of Middle Eastern crude oil to BPCL. This agreement marks a key milestone in BPCL’s efforts to strengthen energy security and diversify its crude sourcing portfolio.
The contract, which is valid for one year from April 2025 to March 2026, will ensure a steady and competitive supply of crude oil to BPCL’s refineries. It was signed by Shri Manoj Heda, Executive Director, International Trade and Risk Management, BPCL, and Mr. Thomas Waymel, President, Trading & Shipping, TotalEnergies, in the presence of Shri Vetsa Ramakrishna Gupta, Director – Finance, BPCL.
The agreement reflects BPCL’s proactive approach in navigating global energy markets while maintaining supply chain resilience. It also lays the foundation for broader collaboration between BPCL and TotalEnergies in the evolving global energy sector.
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