G.K. Satish appointed as a board member of Russian Energy Giant Rosneft

Russion energy giant Rosneft has took a significant move towards enhancing trade ties with India by appointing a former Indian Oil Cooperation (IOC) director Govind Kottis Satish as its board member.

What in News?

Rosneft in its annual general meeting held on June 30 announced the appointment of Indian Oil Corporation director G.K. Satish as a member of its board which consists of total 11 members.

The Russian Oil Company has partnership with the Indian Oil Cooperation in oil and gas fields in Russia.

Indian firms such as IOC and such other companies get the crude oil from Russian Oil Company and Russian Oil Company has recently initiated the shipment of naphtha to refiners in Gujarat.

According to the data Russian Oil company supplies Indian firms with approximately 2 million barrels per day of crude oil which is equivalent to 100 million tonnes.

NDTV reported that Rosneft has entered into a long term agreement to provide Satish’s former company with 6 million tonnes of crude oil annually. It also deals with other state owned refiners in similar way, which includes Bharat Petroleum Corporation ltd. (BPCL) and Hindustan Petroleum Corporation ltd. (HPCL).

More about Govind Kottis Satish

• Govind Kottis Satish has been appointed as a board member of Rosneft announced in an annual general meeting of Rosneft held on June 30.
• Satish has over 30 year experience in the Indian Oil in the areas of marketing operations, logistics, business development, International trade, Natural Gas Business and human resources.
• Satish has retired from the post of director for business development at IOC in 2021 at the age 62.
• Additionally, Satish also holds a position of Chairman at Indian Oil-Adani Gas Pvt ltd. which is developing city gas distributing (CGD) networks in various cities across the country.
• Satish currently holds a position of Chairman at Indian Oil LNG Pvt ltd.
• Prior to this, Satish was Executive Director in Charge at Indian Oil.
• Satish completed his graduation in Medical Engineering from the National Institute of Technology, Surat and he has done post-graduation in management from Management Development Institute, Gurgaon.                                          Find More Appointments Here