CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is/are the state-run oil company/companies that have placed orders for Iranian oil?
A
Indian Oil Corporation Limited (IOCL)
B
Mangalore Refinery and Petrochemicals Limited (MRPL)
C
Both A and B
D
Only A
Explanation: 

Detailed explanation-1: -The National Iranian Oil Company (NIOC; Persian: , romanized: Sherkat-e Melli-ye Naft-e Īrān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran.

Detailed explanation-2: -ONGC holds 100% stake in ONGC Videsh Limited. Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies (PSUs) and a strong marketing infrastructure.

Detailed explanation-3: -NISOC is incorporated 1971 in Masjed Soleyman, Khouzestan as Oil Service Company of Iran (OSCO). Currently NISOC is Iran’s biggest oil producer, and produce 3 million barrels of oil per day. the company is active in a land area more than 400, 000 km2 with headquarters in Ahvaz.

Detailed explanation-4: -LONDON, Jan 15 (Reuters)-Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.

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