2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ONGC
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SAIL
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NTPC
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TERI
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Detailed explanation-1: -Oil and Natural Gas Corporation (ONGC)-led consortium of Indian state oil firms have acquired 10% stake in Abu Dhabi’s offshore Lower Zakum Concession for $600 million.
Detailed explanation-2: -As a part of India’s comprehensive strategic partnership with the UAE, OVL, IOCL, and Bharat Petroleum Corp. Ltd subsidiary BPRL have a 10% stake in the producing offshore Lower Zakum oil field.
Detailed explanation-3: -The Abu Dhabi National Oil Company (Arabic: ) or ADNOC is the State-owned oil company of the United Arab Emirates (UAE). It is the world’s 12th largest oil company by production.
Detailed explanation-4: -Established in 1993, ENOC is a wholly owned company of the Government of Dubai, through the Investment Corporation of Dubai. In 1999 ENOC opened its first oil refinery, which produced 120,000 barrels per day (19,000 m3/d) and cost about AED 1.5 billion.
Detailed explanation-5: -ADNOC, Emirates General Petroleum Corporation (EMARAT) and Emirates National Oil Company (ENOC) are considered the top petrol companies in the UAE.