New chief for Indian Oil Petronas

By Our Special Correspondent

NEW DELHI, MAY 10. Mr. Subir Raha, director (human resource and business development), Indian Oil Corporation, will concurrently hold the post of Chairman of Indian Oil Petronas Ltd., a 50:50 joint venture of Indian Oil Corporation and Petroliam Nasional Berhad (Petronas) of Malaysia. Mr. Dato Shamsul Azhar Abbas has been inducted as a director of board on behalf of Petronas. Mr. C. K. Dixit, executive director, Indian Oil has been appointed as CEO of the company.

The Rs. 250 crore project for import, storage and parallel marketing of LPG is now expected to be commissioned by April 2001, six months ahead of schedule.

This will be the first, and only state-of-the-art bulk LPG import facility on the Eastern Coast. With the commissioning of this facility, it will no longer be necessary to move bulk LPG from sources in Western/Central India, across the country to the Eastern sector by rail and road, at significant cost to the Oil Pool Account. Sustained and assured availability of LPG moved ex- IPL facility at Haldia will enhance customer satisfaction as well as facilitate commercial and industrial use of LPG in the Eastern States.

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Section  : Business
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