CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which mining company recently got 10-year extension of its contract for the prolific Rajasthan oil block?
A
Essar Steel Ltd
B
Vedanta Ltd.
C
TATA Steel Ltd
D
Arch Steel Ltd
Explanation: 

Detailed explanation-1: -Billionaire Anil Agarwal’s Vedanta Ltd has got a 10-year extension of the licence for its prolific Rajasthan oil block till May 14, 2030, the firm said in a stock exchange filing on Thursday.

Detailed explanation-2: -Vedanta Ltd on February 21 announced it has made an oil discovery in its exploratory well in Rajasthan’s Barmer district.

Detailed explanation-3: -Assam is the highest natural gas-producing state with a production of 8.3 MMSMCD.

Detailed explanation-4: -The Mangala Area sits in Barmer Basin and is thought to contain oil in place volumes of 3.6 billion barrels (570, 000, 000 m3), of which 1 billion barrels (160, 000, 000 m3) are thought to be recoverable. Cairn India is the operator of the field, a subsidiary of Vedanta Group.

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