The Public Enterprises Selection Board on 30 August 2013 recommended Dinesh K Sarraf as the next head of the Oil and Natural Gas Corporation (ONGC). He will succeed Sudhir Vasudeva, who superannuates in February 2014. Dinesh K Sarraf is 56-year-old.
Dinesh K Sarraf was director (finance) in ONGC prior to taking over the reins of the company's overseas investment arm ONGC Videsh. He is a post-graduate in commerce from Delhi's Shri Ram College of Commerce. He has experience of almost three decades in the oil and gas industry.
As the head of ONGC Videsh, he played a major role in acquisitions worth over 11 billion US dollars in the past one year alone against the company's 17-billion US dollars investments made in 32 assets in 15 countries till 2011.
Sarraf's main job as ONGC chairman would be to increase oil and gas production from domestic fields and to start production in new finds. He also needs to find tangible oil and gas reserves.