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%.