Indias second-largest national oil explorer Oil India Ltd (OIL), signed an agreement with Numaligarh Refinery for purchase and sale of crude oil for a term of five years. Numaligarh Refinery is in which state?

2020

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

India’s second-largest national oil explorer Oil India Ltd (OIL), signed an agreement with Numaligarh Refinery for purchase and sale of crude oil for a term of five years. Numaligarh Refinery is in which state?

A	Sikkim
B	Assam
C	Manipur
D	Uttrakhand

Explanation:

Detailed explanation-1: -Post the above transfer, the company’s equity shareholding in Numaligarh Refinery is 69.63%. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Detailed explanation-2: -Reliance Industries It operates the world’s biggest refinery, Jamnagar Refinery. With a daily output of 1, 240, 000 barrels, the private sector crude oil refinery can process a broad range of crude oils and create several petroleum products. Jamnagar refinery exports fuels worldwide.

Detailed explanation-3: -The remaining 2.29 crore equity shares have been transferred to Government of Assam for Rs 499.99 crore. “Post these acquisition Oil India’s cumulative equity shareholding in NRL (including pre-acquisition 26% shareholding) is 80.16%, ” the firm said in a separate filing.

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