in case ACC deems it fit to do so".
OVL, which since inception had invested USD 17 billion in 32 assets in 15 countries till 2011, has struck over USD 11 billion worth deals in the past one year under Sarraf.
In August last year, Sarraf led OVL in buying US energy major Anadarko Petroleum Corp's 10 per cent stake in a giant Mozambique gas field for USD 2.64 billion. This deal came on top of the USD 2.475 billion deal announced in June to buy Videocon's 10 per cent stake in the same field, which may hold as much as 65 trillion cubic feet (Tcf) of gas resources.
Sarraf holds Master's in Commerce from the University of Delhi. He is also a member of the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India.
As head of ONGC, his immediate task would be to raise the stagnant oil and gas output and aggressively look for more reserves.