Key Points
- BPCL acquired the entire stake in IBV Brasil Petróleo Ltda. for ₹2,312 crore.
- The acquisition strengthens BPCL's international oil and gas exploration and production business.
- IBV Brasil Petróleo holds interests in offshore oil and gas blocks in Brazil.
- The deal aims to secure long-term crude oil resources and reduce dependence on imported energy.
- It supports India's energy security by expanding overseas hydrocarbon assets.
- The acquisition also strengthens BPCL's presence in the global energy market.
Question:
Q1. BPCL recently acquired a 100% stake in which company for ₹2,312 crore?a) Petrobras Energia Ltda.
b) IBV Brasil Petróleo Ltda.
c) ONGC Videsh Brasil Ltda.
d) Reliance Brasil Energia Ltda.
Answer: b) BPCL acquired 100% stake in IBV Brasil Petróleo Ltda. for ₹2,312 crore.
