Question 1515
Which of the following statement is correct? (a) The Assam Oil Company was formed in 1899 A.D. (b) In 1905 A.D., it produced about 1.25 lakh litres.
Answer
Both the statements are correct.
Why?
The correct answer is option 3 Key Points The Assam Oil Company was formed in 1899 A.D. to take over the petroleum interests of the Assam Railways and Trading Company (ARTC). The first oil well in Asia was drilled in Digboi, Assam in 1866. However, commercial production of oil started only in 1889 . In 1905, the Assam Oil Company produced about 1.25 lakh litres of oil. Here is the timeline of the important events related to the Assam Oil Company: 1866: First oil well drilled in Digboi, Assam. 1889: Commercial production of oil starts in Digboi. 1899: Assam Oil Company is formed. 1901: Digboi Refinery is commissioned. 1905: Assam Oil Company produces about 1.25 lakh litres of oil. Hence option 3 is correct.