BPCL’s former chairman Arun Kumar Singh is likely to be the new chairman of India’s top oil and gas producer Oil and Natural Gas Corporation (ONGC). He retired from BPCL after attaining the superannuation age last month and was already selected to head the Petroleum and Natural Gas Regulatory Board (PNGRB) before the August 27 interviews. The will be first time that a person aged over 60 will be heading a top PSU board-level position.
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Big name in Oil refining market, Singh was chosen by a search-cum-selection committee, constituted by the oil ministry. They zeroed in on Singh after interviewing six candidates on August 27, 2022. If his selection is approved, Singh will be heading cash-rich PSU (Public Sector Unit) for three years. Eligibility criteria for a board-level position at PSU provide for an internal candidate (applicant from within the PSU) should not be more than 58 years of age on the date of the vacancy. This eligibility for external candidates is the maximum age of 57 years on the date of the vacancy.
Important takeaways for all competitive exams:
- ONGC Headquarters: Vasant Kunj, New Delhi;
- ONGC Founded: 14 August 1956.