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Bharat Petroleum Corporation Limited (BPCL) is set to sign a $780 million agreement with Brazil's Petrobras to purchase 12 million barrels of crude oil in fiscal year 2027, effectively doubling its previous contract volume. This deal aims to replace dwindling Russian oil supplies as Indian refiners adapt their import strategies. The contract will be formalized during the India Energy Week conference from January 27 to 30, alongside other significant agreements in the energy sector.