New Delhi, Oct 17: India and Brazil have agreed to expand their partnership in oil exploration and production, with Indian upstream oil companies like ONGC expected to participate in upcoming offshore projects in Brazil.

The talks focused on the expanding energy partnership between India and Brazil, including robust bilateral trade in hydrocarbons and long-term crude supply contracts with Petrobras. India’s investments worth over USD 3.5 billion in Brazil’s upstream sector make it India’s largest investment destination in the Americas.

The discussions also covered opportunities for collaboration in exploration and production, India’s participation in upcoming offshore projects, and mutual prospects in deep and ultra-deepwater activities.

India and Brazil also agreed to establish a Mini

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