Dharmendra Pradhan led Oil ministry wants ONGC chief for just a year with quarterly appraisal

By: | Published: September 20, 2017 7:36 AM

Petroleum Minister Dharmendra Pradhan has decided to do something unprecedented.

Dharmendra Pradhan,. oil ministry, ONGC, Shashi Shanker, ACC, Public Enterprises Selection Board,  Dinesh SarrafPradhan sought that instead of five years Shanker’s initial appointment be done for a year. (pti)

Petroleum Minister Dharmendra Pradhan has decided to do something unprecedented. Pradhan proposed that Shashi Shanker, selected to head India’s biggest oil and gas producer Oil & Natural Gas Corp will be reviewed every quarter instead of his yearly analysis. Pradhan sought that instead of five years Shanker’s initial appointment be done for a year. More than a month after the anti-corruption watchdog Central Vigilance Commission cleared Shanker’s appointment, Pradhan approved his name for chairman and managing director of ONGC for the approval of the Appointments Committee of the Cabinet (ACC), Indian Express reported.

Dharmendra Pradhan,. oil ministry, ONGC, Shashi Shanker, ACC, Public Enterprises Selection Board,  Dinesh Sarraf

Pradhan cited exploration challenges before ONGC to increase crude oil and natural gas output following which he sought ACC approval for Shanker’s appointment. Pradhan also sought the appointment validity to be for a year during which the Ministry will conduct a quaterly appraisal of his performance before fresh ACC mandate for further employment.

The Public Enterprises Selection Board (PESB) recommended that ONGC Director (Technical) Shanker be appointed as CMD for five years or until his date of superannuation. His term ends on March 2021. The present CMD Dinesh Sarraf’s term ends of September 30 but has been shortlisted to head the downstream regulator Petroleum and Natural Gas Regulatory Board on superannuation. Nearly 30 candidates had applied for the ONGC top job in May and the PESB shortlisted nine, none from the private sector.

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