New Delhi: AK Gupta has taken charge as Managing Director & CEO of ONGC Videsh, the overseas arm of national oil and gas major ONGC, ONGC Videsh said in an official statement on Monday. Gupta was selected for the position by a selection panel appointed by the Centre in July. PSU Watch had earlier reported that he was selected from a list of more than 12 candidates who were interviewed by the selection panel. According to an order from the Department of Personnel & Training (DoPT), he has been appointed to the post till June 30, 2022, i.e. the date of his superannuation, or until further orders, whichever is earlier.
Before getting elevated to MD & CEO, Gupta has served as the Director (Operations) of ONGC Videsh, where he has been responsible for framing future strategies for the company in different global geographies amidst the unprecedented challenges imposed by the COVID-19 pandemic. During his stewardship, the company achieved the highest ever production of oil and gas of 14.981 MMTOE in 2019-20. Several major projects could make definitive progress under his able leadership and are set to contribute and strengthen the overall portfolio of ONGC, said the statement.
Gupta has over three decades of rich experience in various capacities in domestic and overseas oil and gas exploration and production operations. He possesses extensive experience across the E&P value chain, especially in business development earned during his tenure as Head of New Businesses in Marketing in ONGC and Head of Business Development in ONGC Videsh, both for the domestic and international markets, and in handling commercial negotiations with alliance partners, regulators, customers and national oil companies.
Some of his noteworthy contributions have been in implementing projects from concept to commissioning, executing projects in diverse geographies in Myanmar and Vietnam in the Asia Pacific, Brazil, Colombia and Venezuela in Latin America, with quite a few of them being under trying circumstances.
Gupta started his career in 1984 when he joined ONGC's corporate office as a young graduate trainee after obtaining his graduate degree in Mechanical Engineering from IIT-Roorkee in 1983. He subsequently acquired an MBA in Finance & Marketing from FMS, Delhi University, in 1999.
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