Arun Kumar Singh appointed as the new Chairman of ONGC

Tags: Economy/Finance Person in news

The Government of India has appointed former chairman of Bharat Petroleum Corporation Limited (BPCL), Arun Kumar Singh, as the new chairman of the Oil and Natural Gas Corporation (ONGC) on 7 December 2022.  He has been appointed for a term of three years.

ONGC has been without a regular chairman and managing director since April 2021.

Vetsa Rama Krishna Gupta has taken over the additional charge of Chairman and Managing Director of Bharat Petroleum Corporation Limited (BPCL)

Oil and Natural Gas Corporation (ONGC)

It is a public sector company owned by the government of India. 

It is a Maharatna company and is the largest crude oil and natural gas company in India, contributing around 71 per cent to Indian domestic production. 

It was set up as the Oil & Natural Gas Commission on 14th August 1956. It was later converted to Oil & Natural Gas Corporation in 1994. 

It has three subsidiary companies. They are:

• ONGC Videsh,
• Mangalore Refinery and Petrochemicals Limited (MRPL) and 
• Hindustan Petroleum Corporation Limited (HPCL)

Headquarters: New Delhi