Venezuela disrupts OVL interviews

Vol 11, PW 23 (03 Apr 08) News in Brief

Blame a high-profile official visit to oil-rich Venezuela for a decision to postpone interviews to select the new director finance at ONGC Videsh.

PETROWATCH learns the PESB wrote to oil secretary MS Srinivasan on March 31 confirming that the earlier dates from April 7 to April 9 would be postponed. Six days earlier Srinivasan wrote to the PESB announcing the visit, expected to begin on April 6.

Srinivasan is accompanying oil minister Murli Deora alongside ONGC chief RS Sharma and OVL managing director RS Butola on a visit that insiders say will “close a dealâ€‌ though exactly what the deal is remains unclear. Srinivasan and either Butola or Sharma would need to be present in any interview to select a new OVL director finance and their absence made the postponement inevitable.

When will interviews be held No fixed date has been announced but a PESB insider expects it to be sometime in May. Seventy-one candidates have applied for the position.