Bharat Petroleum signs agreement with TotalEnergies Trading Asia for Middle Eastern crude supply

Bharat Petroleum Corporation Limited (BPCL) on Thursday signed a strategic term contract with TotalEnergies Trading Asia Pte Ltd for the supply of Middle Eastern crude oil to BPCL.

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 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.

This agreement marks a key milestone in BPCL’s efforts to strengthen energy security and diversify its crude sourcing portfolio.


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."