CURRENT AFFAIRS

2019

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

Aramco, a oil producing gaint of Saudi Arabia is going to buy 20% of the stake of oil amd petrochemical business of which of the following companies?

A	TCS
B	Pepsi
C	Vedanta
D	RIL

Explanation:

Detailed explanation-1: -MUMBAI: Mukesh Ambani on Monday announced that Saudi oil giant Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries’ oil refinery and chemical business at an enterprise value of $75 billion (around Rs 5,32,466 crore).

Detailed explanation-2: -Saudi Aramco competitors include Apple, Marathon Oil Corporation, BP, ConocoPhillips and Marathon Petroleum.

Detailed explanation-3: -On 11 May 2022, Saudi Aramco became the largest (most valuable) company in the world by market cap, surpassing Apple Inc. Public. State-owned enterprise. Saudi Aramco operates the world’s largest single hydrocarbon network, the Master Gas System.

Detailed explanation-4: -Saudi Aramco Total Refining and Petrochemical company.

There is 1 question to complete.