Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 962)
962.
Which of the following company signed a deal of USD 1.5 billion to buy US crude oil?
Reliance Industries
Hindustan Petroleum
Indian Oil Corporation
Bharat Petroleum
Answer: Option
Explanation:
Indian Oil Corporation(IOC), has signed its very first annual deal to buy U.S. crude oil, paying USD 1.5 billion for 60,000 barrels a day beginning April 2019 to March 2020 to diversify its crude sources. IOCL is the first Indian state refiner to buy U.S. oil under an annual contract, in a deal that will also help boost trade between New Delhi and Washington.
Discussion:
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