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    Question

    India signs its first concessional agreement with ____

    in oil sector.
    A Saudi Arabia Correct Answer Incorrect Answer
    B UAE Correct Answer Incorrect Answer
    C Iraq Correct Answer Incorrect Answer
    D Iran Correct Answer Incorrect Answer
    E Vietnam Correct Answer Incorrect Answer

    Solution

    India on Saturday signed the first concessional agreement with the United Arab Emirates (UAE) in the oil sector. It is an agreement for acquisition of 10% stake in the off shore Lower oil field Zakum concession for 40 years from 2018 to 2057.

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