ONGC chief Arun Singh gets another year; hunt for next leader begins
Arun Kumar Singh just got a one-year extension as Chairman of ONGC, India's top oil and gas company.
Starting December 7, 2024, he'll stay on while a special committee—featuring key industry names—searches for his long-term replacement.
Why does this matter?
ONGC is facing tough times with falling production at Mumbai High, which supplies about a third of India's oil.
Singh teamed up with BP to try and boost output by up to 60% over the next decade—a big deal given global energy uncertainty.
Who is Arun Singh?
With nearly four decades in the oil sector, Singh became ONGC Chairman in 2022 after leading BPCL.
His appointment was unique—the age limit had to be raised so he could take charge, making him the first executive close to 60 to head such a major public company.
Now, the search is on for who will fill his shoes next.