Singh favourite to win IOC dir. refineries

Vol 17, PW 10 (19 Dec 13) People & Policy

IndianOil should know who will be its next director (refineries) on December 26.

PETROWATCH learns the PESB has shortlisted 11 candidates to replace Rajkumar Ghosh who steps down on June 30, 2014. “(Executive director) Sanjiv Singh is the frontrunner,” says an IOC officer.

“His main competitor (ED) Gautam Roy is no longer in the race.” Roy, he explains, was selected in November to manage IOC subsidiary refinery Chennai Petroleum when AS Basu steps down on April 30, 2014.

Singh heads IOC's delayed Rs30,000cr ($4.7bn) Paradip refinery project, expected to be commissioned by March 2014. Besides Singh, three other IOC executive directors are shortlisted: BP Das, Ramjee Ram and Vijay Prakash.

CPCL director (operations) S. Venkataramana and GAIL executive director Manoj Jain are also tipped.

Prakash and Venkataramana unsuccessfully applied to be CPCL managing director. Other candidates for IOC director (refineries) are IOC general manager Debangsu Ray, CPCL general manager G.

Aravindan, GAIL general manager MVR Someswarudu, ONGC general manager VK Thakral and ONGC general manager A. Balachandran.

IOC controls 10 of India’s 22 refineries - a third of national refining capacity. Apart from commissioning the Paradip refinery, the new director will oversee the Koyali and Panipat refinery expansions as the company seeks to increase capacity and dollar-earning exports.

Incumbent RK Ghosh has held the post since September 1, 2011.