CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Europe’s third-biggest oil company BP Plc has granted licence to set up 3, 500 petrol pumps in which of the following country
A
Canada
B
Bangladesh
C
Sri Lanka
D
India
Explanation: 

Detailed explanation-1: -New Delhi: Government has formally granted a licence to BP Plc, Europe’s third-biggest oil company, to set up 3, 500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

Detailed explanation-2: -BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.

Detailed explanation-3: -Shell-Mex and BP Ltd was a British joint venture between petroleum companies Royal Dutch Shell (Shell) and BP. It was formed in 1932 when both companies decided to merge their United Kingdom marketing operations, partly in response to the difficult economic conditions of the times.

There is 1 question to complete.