BPCL And Trafigura Sign Landmark Crude Oil Supply Agreement

BPCL, one of India’s leading oil marketing companies, announced a significant agreement with global commodities trader Trafigura AG for the supply of Iraqi Basrah and Oman crude oil. This marks BPCL’s first structured import arrangement for Basrah crude, reflecting a strategic step toward diversifying supply sources and strengthening energy security. The agreement is expected to enhance BPCL’s refining operations and support India’s growing energy demand.  

Key highlights from the announcement include  

• BPCL signs landmark crude oil supply agreement with Trafigura AG.  
• First-of-its-kind arrangement for imports of Iraqi Basrah crude.  
• Agreement also covers supply of Oman crude oil.  
• Deliveries under the contract to commence in April 2026.  
• Move strengthens BPCL’s crude sourcing strategy and energy security.  
• Industry experts view the deal as a milestone in India’s oil import diversification.  

The agreement underscores BPCL’s proactive approach in securing long-term crude supplies while partnering with global leaders like Trafigura. This strategic collaboration is expected to bolster India’s refining capacity and ensure stable energy availability.  

Sources: Reuters, Economic Times, Business Standard