Bharat Petroleum Corporation (BPCL) is reportedly shifting its focus to Middle Eastern crude oil to address a shortfall from Russian suppliers, reported Reuters, citing BPCL head of finance Vetsa Ramakrishna Gupta. Big Tech will lean heavily into AI agents in 2025. Here's what they can do.

Indian state-run Bharat Petroleum Corporation is purchasing crude oil from the Middle East to replace cheaper Russian oil, Reuters said in a report. According to the report, the Indian refiners are unable to procure about 8 million to 10 million barrels of crude for January,

State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.

India became a top buyer of Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022

BPCL buys Middle Eastern crude due to shortage of Russian oil, plans to diversify sources and invest in expansion.

Indian refiner BPCL is shifting its crude oil sources from Russia to diversified sources amid supply disruptions. BPCL continually expands its oil sources and obtains approximately 53% of its supply via long-term agreements.