Q. Which Indian PSU has signed MoU with Brazilian oil major Petrobras, to diversify its crude oil sourcing?
Answer:
BPCL
Notes: Indian major Public sector Unit Bharat Petroleum Corporation Ltd (BPCL) has signed a Memorandum of Understanding (MoU) with Brazilian oil major Petrobras, to diversify its crude oil sourcing.
Bharat PetroResources Limited (BPRL) plans to invest USD 1.6 billion to develop an oil block in Brazil to procure equity oil overseas. For the first time, India will ink a long-term supply deal with Oil major- Petrobras that operates in the oil, natural gas and energy industry.