Multiple choice

In 2008, India strengthened its ties with the fifth-largest oil producing country Colombia by signing an agreement that would facilitate which of the following companies to acquire oil and gas assets in that country?

  1. ONGC and OIL

  2. ONGC and RIL

  3. OIL and RIL

  4. GAIL and ONGC

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The agreement between India and Colombia in 2008 was specifically aimed at allowing Indian public sector oil companies, ONGC Videsh Ltd and Oil India Ltd (OIL), to explore and acquire oil and gas assets in Colombia.