Bharat Petroleum Corporation Limited (BPCL) has signed a strategic term contract with TotalEnergies Trading Asia 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.

The contract was signed by Manoj Heda, Executive Director, International Trade and Risk Management, BPCL and Thomas Waymel, President, Trading & Shipping, TotalEnergies, in the presence of Vetsa Ramakrishna Gupta, Director – Finance, BPCL.

Speaking about this partnership, G. Krishnakumar, Chairman & Managing Director, BPCL said, "This agreement with TotalEnergies Trading Asia shows our commitment to securing stable and cost-effective crude supplies while fostering global energy partnerships. It aligns with our strategy to diversify our crude basket, ensuring resilience and flexibility in an evolving energy landscape. We look forward to strengthening our relationship with TotalEnergies and exploring further collaboration in the future."

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.