Multiple choice

Omimex De Columbia, a Columbian oil firm, was acquired by ONGC Videsh Limited (OVL) in partnership with

  1. Reliance Petrochemical

  2. Sinopec

  3. Malaysian Oil Bhd

  4. Rosnfet
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

ONGC Videsh Limited (OVL), the international arm of ONGC, acquired Omimex de Colombia in partnership with Sinopec (China Petroleum & Chemical Corporation). This was part of OVL's strategy to acquire international oil assets. The partnership with Sinopec helped share the financial and operational risks of the acquisition.

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