Ex-IOC chief to head Reliance Industries Ltd O2C biz
Former Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as group president for the Mukesh Ambani-run firm’s oil-to-chemicals business.
A communication by RIL executive director Hital R. Meswani to the company employees said Singh, who superannuated from India’s largest oil firm on June 30, will be a member of the leadership team of oil-to-chemicals (O2C) business.
RIL’s O2C business consists of the group’s twin oil refineries at Jamnagar in Gujarat, petrochemical plants, 51 per cent of fuel retail and aviation fuel venture and bulk wholesale marketing businesses. It does not include the firm’s upstream oil and gas exploration assets that include a 66.6 per cent interest in the eastern offshore KG-D6 block.
