BPCL, Trafigura Ink Landmark Crude Oil Supply Deal for India's Energy Security

• State-owned BPCL and global commodities major Trafigura signed a crude oil supply agreement during India Energy Week.
• Trafigura will supply Iraqi Basrah and Oman crude oil to BPCL on a term basis, starting April 2026.
• This marks BPCL's first-ever Basrah crude import contract, diversifying its procurement strategy.
• The agreement aims to strengthen India's energy security and ensure a reliable, cost-effective crude oil supply for BPCL's refining system.
• Trafigura highlights its role in supporting India's economic growth and increasing energy demand through this partnership.

Why It Matters: BPCL and Trafigura's crude oil deal enhances India's energy security and diversifies BPCL's supply.