Current Affairs Questions » 2019 October » October 02

Q
Saudi Arabia, the world’s biggest oil exporter to invest USD ____ billion in India in areas of petrochemicals, infrastructure and mining
 
A) 75 billion
B) 100 billion
C) 150 billion
D) 200 billion
Explanation:

Saudi Arabia, the world’s biggest oil exporter to invest USD 100 billion in India in areas of petrochemicals, infrastructure and mining.

India is an attractive investment destination for Saudi Arabia and it is eyeing long-term partnerships with New Delhi in key sectors such as oil, gas and mining.

Saudi Arabia is looking at making investments in India potentially worth USD 100 billion in the areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining.

Saudi Arabia’s biggest oil giant Aramco’s proposed partnership with Reliance Industries Ltd reflected the strategic nature of the growing energy ties between the two countries.

India’s value chain from oil supply, marketing, refining to petrochemicals and lubricants is a key part of Aramco’s global downstream strategy.

 
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