The Cabinet Committee on Economic Affairs (CCEA) gave its approval to an acquisition by ONGC Videsh Ltd (OVL) for how many Percent stake in JSC Vankorneft from Rosneft Oil Company (Rosneft), Russias national oil company

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Cabinet Committee on Economic Affairs (CCEA) gave its approval to an acquisition by ONGC Videsh Ltd (OVL) for how many Percent stake in JSC Vankorneft from Rosneft Oil Company (Rosneft), Russia’s national oil company

A	11
B	15
C	9
D	21

Explanation:

Detailed explanation-1: -NEW DELHI, Nov 7 (Reuters)-India’s Oil and Natural Gas Corp (ONGC. NS) has applied to the new Russian operator of the Sakhalin-1 to retain its stake in the oil and gas project in the Far East, a person familiar with the development said.

Detailed explanation-2: -ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 35 Oil & Gas assets in 15 countries. ONGC produces over 1.26 million barrels of oil equivalent per day, contributing around 71% of India’s domestic production. Of this, over 76% of crude oil produced is Light & Sweet.

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