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• The Cabinet Committee on Economic Affairs chaired by Prime Minister has approved an investment of Rs. 12,000 crores by Bharat PetroResources Ltd. (BPRL) for the development of BM-SEAL-11 Concession Project in Brazil.
  • Bharat PetroResources Ltd. (BPRL) is a wholly owned subsidiary of Bharat Petroleum Corporation Limited (BPCL).
• The Production from BM-SEAL-11 project is expected to start from 2026-27.

Significance of the Project for India

• It will Strengthen India’s energy security.
• Diversifying India’s crude oil supply.
• Strengthening India’s foothold in Brazil, which could open business opportunities in neighbouring Latin American countries.
• It will strengthen the bilateral ties between India and Brazil.

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1845424

https://t.me/+hJqMV1O0se03Njk9

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