Chevron to tap Indian campuses

Written by Corporate Bureau | Kolkata, Dec 27 | Updated: Dec 28 2007, 07:17am hrs
Chevron Corporation will be calling on the campuses of premier Indian institutes to take people for its expanding global operations, for which it plans to recruit around 6,000 people next year.

Jeet Bindra, president of global refining operation at Chevron, said: "This is the first time we are going to campuses here for recruitment." He declined to comment on whether Chevron would visit only the technology institutes or B-schools as well.

Outside the US, Chevron, the ranked 4 th on the Fortune list of US corporations, visits campuses only in Angola, where it has drilling operations.

"We must protect our planet and do it in an environmentally responsible fashion. It will take talented chemical engineers --- young and experienced-- to tackle the changing energy equation of the world," he said.

Bindra was here for Chemcon 2007, a convention organised by the Indian Chemical Engineering Congress. He told reporters that much of the growth in the crude oil demand is likely to come from countries like India and china. Global car manufacturers are looking at countries like India to fuel their own growth.

According to him, the global demand for crude oil is expected to increase by 1.5% every year till the year 2030, a jump in demand from 84,000 barrels per day in 2005 to more than 1,16,000 barrels per day in 2030.

Alternative energy will play an increasingly important role. According to the International Energy Agency, hydrocarbons such as oil gas and coal will continue to be the major source of energy.

He said Chevron is the world's largest producer of alternative energy. In last five years it has invested over $2 billion for energy conservation and renewable energy such as geo thermal, hydrocarbons, bio fuels, wind and solar.

"We are on the way to spend another $ 2.5 billion during the next three years starting 2007 on the same areas of growth," he said.

Chevron at present employs 320 people in India, where it has a presence in various downstream businesses. Last year, it took a 5% stake in Reliance Petroleum Ltd.