Oil ministry recasts ONGC board
NEW DELHI: The ONGC board is to be restructured from March 1, 2023 to make the state-run exploration behemoth more responsive to “the emerging trends in the energy sector” and align its corporate goals with “the national energy priorities”.
According to an oil ministry statement, a new board position of director (production) is being created by merging the posts of directors onshore and offshore.
Another post of director (strategy and corporate affairs) will be created as per the recommendation of the search cum selection committee set up for appointment of chairman. Retired Bharat Petroleum chairman Arun Singh was on Wednesday appointed chairman for three years as per the committee’s recommendation.
