CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following has signed an annual agreement with Rosneft to buy crude oil?
A
Bharat Petroleum
B
IOC
C
Hindustan Petroleum
D
Essar Petroleum
Explanation: 

Detailed explanation-1: -As per the data from the Commerce Ministry, India imported $16.7 billion worth of crude oil and $1.7 billion of petroleum products from Russia during April-October 2022.

Detailed explanation-2: -Reliance Industries, Nayara Energy and others Nearly one-third of Reliance’s crude oil purchase is now from Russia, which was only at 5 per cent before the war began.

Detailed explanation-3: -The deal, the largest such agreement the Taliban has signed since they returned to power, includes one million tons each of petrol and diesel, half a million tons of liquefied petroleum gas, and two million tons of wheat to be supplied annually until an unspecified date, Akhundzada said.

Detailed explanation-4: -But in June 2022, Iraq was India’s top supplier with 1.04 million bpd of oil. Russia, in that month, became India’s second-biggest supplier. Imports dipped marginally in the following two months. They stood at 876, 396 bpd in September 2022 before rising to 935, 556 bpd in October, according to Vortexa.

There is 1 question to complete.