Borah at OIL

Vol 14, PW 22 (05 May 11) News in Brief

He steps down in exactly one year, but the hunt has already begun for a replacement to NM Borah, chairman of Oil India.

PETROWATCH learns the PESB has asked for CVs by July 1 this year, announcing that the post will become vacant on May 1, 2012. NK Bharali, Oil India director business development remains the clear favourite because of his proximity to Borah.

But TK Ananth Kumar, director finance, and BN Talukdar, director exploration, stand an equally good chance, we hear. Both are said to have good political connections: Kumar with politicians in Tamil Nadu; and Talukdar in Assam, his home state.

Kumar was also director finance for three years at Numaligarh Refinery in Assam. Keen golfer Bharali’s political clout is less, but he has a sound academic background, with a post-graduate degree from the prestigious Indian Institute of Management in Ahmedabad.

DK Sarraf, director finance at ONGC, considered a ‘safe pair of hands’ is also believed to be interested.