Recently, which of the following two oil companies has been signed a joint venture for business in Bangladesh?
A.IOCL & BEXIMCO
B. Sinopec & BP
C. ExxonMobil & Total
D. Valero & Gazprom
Answer:A
Recently, which of the following two oil companies has been signed a joint venture for business in Bangladesh?
A.IOCL & BEXIMCO B. Sinopec & BP C. ExxonMobil & Total D. Valero & Gazprom
Explanation: Indian Oil Corporation and Beximco LPG have signed an agreement to form a 50:50 joint venture company for LPG business in Bangladesh. As per the business plan, the JVC will begin functioning by acquiring Beximco’s existing LPG assets, according to a statement issued by Beximco on Tuesday. The joint venture aims to set up a large LPG terminal at a deep-water port in Bangladesh, which will facilitate receipts of LPG, leading to a reduction in the costs of imports