State-run Bharat Petroleum Corporation (BPCL) said on Thursday that it has signed a strategic term contract with TotalEnergies Trading Asia Pte Ltd for the supply of Middle Eastern crude oil.
This agreement marks a key milestone in BPCL’s efforts to strengthen energy security and diversify its crude sourcing portfolio, the oil marketing company (OMC) said.
The announcement was made at the India Energy Week (IEW) 2025.
The contract, valid for one year from April 2025 to March 2026, will ensure a steady and competitive supply of crude oil to BPCL’s refineries.
G Krishnakumar, Chairman & Managing Director of 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.”
The agreement reflects BPCL’s proactive approach to 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.
On Wednesday, TotalEnergies and the state-run Gujarat State Petroleum Corporation (GSPC) signed a ten-year long-term Sale and Purchase Agreement (SPA) starting in 2026.
Under this agreement, TotalEnergies will supply GSPC with 4,00,000 tonnes of liquefied natural gas (LNG), amounting to six cargoes per year.
The LNG, sourced from TotalEnergies’ global portfolio and delivered to terminals on India’s west coast, will primarily serve GSPC’s industrial customers. It will also supply Indian households, businesses, and service stations with vehicles running on Compressed Natural Gas (CNG), such as auto-rickshaws, for domestic use.
