Ajay Sawhney to head Oil India

Sawhney, additional secretary in petroleum ministry, would hold the post for three months

GN Bureau | June 1, 2016


#crude output   #Ajay Prakash Sawhney   #Oil India  

 The government has entrusted Ajay Prakash Sawhney, additional secretary in the petroleum ministry, with the charge of chairman and managing director (CMD) of Oil India (OIL), the Financial Express reported. Sawhney would hold the top post at oil PSU only for three months starting June 1, as per a government order issued on May 30.

 The move comes after UP Singh, the incumbent CMD of PSU oil explorer who was also additional secretary in the petroleum ministry, was transferred to the ministry of water resources.
 
 However, Oil India has been without a full-time CMD since Sunil Kumar Srivastava retired on June 30 last year. There have been three failed attempts by the Public Enterprises Selection Board (PESB) to find a suitable person to head the government-run oil explorer.
 
 Oil India has seen its crude output falling for fourth straight year in the last fiscal. OIL’s crude oil production in FY 16 was 3.245 million tonnes (mt), 6% lower than in FY15. In FY16, OIL saw the decline in production from its older fields at a steep 20%.
 

Comments

 

Other News

Dharmendra Pradhan tenders resignation

Dharmendra Pradhan, education minister at the centre of the storm of the NEET paper leak, offered his resignation to the prime minister on Saturday.   He posted a two-page letter on X, saying he was pained by the events of the last ten days. "This is not a matter of personal

Cabinet approves scheme of chemical parks

The union cabinet chaired by the PM has approved Bharat Audyogik Vikas Yojana Rasayan or BHAVYA - Rasayan Scheme for establishing three dedicated Chemical Parks in the country. The Scheme was announced in the Union Budget of FY 2026–27.   The Scheme will have a total financ

Anurag Jain, IAS appointed as Chief Executive Officer, NITI Aayog

 Anurag Jain, a 1989-batch IAS officer of the Madhya Pradesh cadre, has been appointed as the Chief Executive Officer (CEO) of NITI Aayog for a two-year term after serving as the Chief Secretary of Madhya Pradesh. A distinguished administrator with extensive experience in infrastructure, industrial de

Shri Ashok Barnwal, IAS has been appointed as the Chief Secretary of Madhya Pradesh

 Ashok Barnwal, a 1991-batch IAS officer of the Madhya Pradesh cadre, has been appointed as the Chief Secretary of Madhya Pradesh, succeeding Anurag Jain following his appointment as CEO of NITI Aayog. Prior to assuming the state`s top bureaucratic position, Barnwal served as Additional Chief Secretar

PM announces fast-track courts for paper leak cases

Prime minister Narendra Modi on Thursday stated that the government has decided to set up fast-track courts to ensure swift and stringent punishment for those involved in paper leaks. Emphasising that nothing is more important than the welfare and future of the youth, he noted that h

Making India’s textile & apparel sector sustainable

India’s textile and apparel sector sits at the heart of the economy but is constrained by traditional manufacturing approach. It contributes close to 2% of GDP and around 11% of manufacturing gross value added, with GDP share expected to reach 5% by the end of the decade. The sector employs around 45

Upcoming Conferences





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter