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VERIFIEDET Finance·neutral
BPCL agrees to buy Videocon Energy’s stake in BPRL Ventures JV
AI Summary
- ·BPCL will acquire the remaining stake in its Brazil-based oil and gas joint venture, IBV Brazil Petroleo Limitada.
- ·The acquisition will give BPCL full control of the joint venture through its subsidiary BPRL Ventures BV.
- ·The move is intended to enhance India's energy security by increasing overseas upstream assets.