tradingkey.logo

India's BPCL signs LPG supply deal with Norway's Equinor

ReutersFeb 13, 2025 1:44 PM

By Shariq Khan and Mohi Narayan

- India's state-run refiner Bharat Petroleum Corp BPCL.NS plans to buy propane and butane from Norwegian energy giant Equinor Plc EQNR.OL, Indian energy minister Hardeep Singh Puri said on Thursday.

The two companies this week signed a preliminary deal, he told a news conference.

The agreement, which has a one-year duration, was signed at prices that are lower than global markets, Puri said at the India Energy Week conference.

He declined to share more details.

BPCL also signed a 12-month tender deal for the purchase of 1 million barrels of Abu Dhabi's Murban crude oil grade from TotalEnergies TTEF.PA and a 2.5 million tonnes liquefied natural gas import deal with Abu Dhabi National Oil Co.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI