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BPCL's $1.6-bn investment plan in Brazil gets Cabinet's approval
short by Srishty Choudhury / on 27 Jul 2022,Wednesday
The Union Cabinet on Wednesday approved an additional investment of $1.6 billion by state-owned Bharat Petroleum Corporation Limited (BPCL) in a Brazilian oil block. The investment will be made by Bharat PetroResources Ltd (BPRL), BPCL's wholly-owned subsidiary, for developing the BM-SEAL-11 Concession Project in Brazil. BPRL has a 40% stake in the block, while Brazil's Petrobras operates at 60%.
short by Srishty Choudhury / 09:22 pm on 27 Jul
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