2026 Current Affairs practice question for Railways, SSC, UPSC. Select an option to check your answer, read the explanation and continue practicing.
Consider the following statements regarding ONGC's partnership with Japan's Mitsui O.S.K. Lines (MOL): 1. ONGC will invest in Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited. 2. Both joint venture companies are registered at GIFT City, Gandhinagar. 3. ONGC will hold 50% ownership in each joint venture. 4. Each joint venture will own and operate one Indian-flagged Very Large Ethane Carrier. 5. The vessels will transport ethane from the United States. Which of the statements given above are correct?
Correct Answerसही उत्तर
D. 1, 2, 3, 4 and 5D. 1, 2, 3, 4 और 5
Explanationव्याख्या
All five statements are correct.
Oil and Natural Gas Corporation, or ONGC, entered into a strategic partnership with Japan's Mitsui O.S.K.
Lines, commonly abbreviated as MOL, with the objective of strengthening specialised energy transportation capabilities.
Under the arrangement, ONGC will invest in two joint venture companies: Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited.
Both companies are registered at GIFT City in Gandhinagar.
The ownership structure is equally important from an examination perspective.
ONGC will acquire 200,000 equity shares with a face value of ₹100 each in both entities, giving it a 50% ownership stake in each company.
Mitsui O.S.K.
Lines will hold the remaining 50%.
Each of the two joint ventures will own and operate one Indian-flagged Very Large Ethane Carrier, generally abbreviated as VLEC.
These specialised vessels will transport ethane from the United States.
The imported ethane will be used to meet the feedstock requirements of ONGC Petroadditions Limited, or OPaL, which is a subsidiary of ONGC.
Thus, the arrangement is not merely a shipping investment; it connects maritime transportation with the feedstock requirements of ONGC's downstream operations.
The source also places the initiative within a broader policy framework.
It states that the project is supported by the Ministry of Petroleum and Natural Gas and DIPAM under the Ministry of Finance.
Furthermore, it aligns with the Maritime Amrit Kaal Vision 2047.
For exams, remember the chain: ONGC + MOL → two GIFT City JVs → 50:50 ownership → two Indian-flagged VLECs → ethane from the United States → feedstock for OPaL.
सभी पाँच कथन सही हैं। Oil and Natural Gas Corporation यानी ONGC ने Japan की Mitsui O.S.K. Lines, जिसे MOL के नाम से भी जाना जाता है, के साथ specialised energy transportation capabilities को strengthen करने के लिए strategic partnership की। इस arrangement के अंतर्गत ONGC दो joint venture companies में investment करेगी। इनके नाम Bharat Ethane One IFSC Private Limited और Bharat Ethane Two IFSC Private Limited हैं। दोनों companies GIFT City, Gandhinagar में registered हैं। Ownership structure examination के लिए विशेष रूप से महत्वपूर्ण है। ONGC दोनों entities में ₹100 face value वाले 200,000 equity shares acquire करेगी और प्रत्येक joint venture में उसकी ownership 50% होगी। Remaining 50% stake Mitsui O.S.K. Lines के पास रहेगा। प्रत्येक joint venture एक Indian-flagged Very Large Ethane Carrier यानी VLEC own और operate करेगा। इस प्रकार कुल दो VLECs इस arrangement से जुड़े हैं। इन specialised ships का उपयोग United States से ethane transport करने के लिए किया जाएगा। यह ethane ONGC Petroadditions Limited यानी OPaL की feedstock requirements को पूरा करेगा। OPaL, ONGC की subsidiary है। इसलिए partnership को केवल shipping agreement के रूप में नहीं देखना चाहिए; यह energy supply chain और downstream feedstock security से भी जुड़ी हुई है। Source के अनुसार project को Ministry of Petroleum and Natural Gas तथा Ministry of Finance के अंतर्गत DIPAM का support प्राप्त है। यह Maritime Amrit Kaal Vision 2047 के अनुरूप भी है। Exam revision के लिए इसे इस sequence में याद रखें: ONGC + MOL → two joint ventures → GIFT City → 50:50 ownership → Indian-flagged VLECs → US से ethane → OPaL की feedstock requirement।
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