Indian Oil Corporation and Bharat Petroleum Corporation Limited have marked an important step forward in India’s overseas upstream strategy with encouraging exploration results from their international portfolio.

Developed through their joint venture Urja Bharat Pte Ltd, the outcome underscores the growing role of Indian public sector companies in securing equity oil assets beyond domestic markets. The development strengthens India’s long-term energy security framework by diversifying supply sources and enhancing resilience against global market volatility.

As further technical and commercial assessments progress, the project is expected to deepen strategic energy ties with Abu Dhabi and reinforce India’s position as an active participant in international upstream investments. The move reflects a broader push by Indian PSUs to expand their global footprint and support national energy priorities through sustained overseas engagement.

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