Indian Oil Corp director A K Singh to move Petronet LNG

Indian Oil Corp (IOC) director-pipelines Akshay Kumar Singh would be the new managing director and chief government of the nation’s greatest gasoline importer, Petronet LNG Ltd. He will change Prabhat Singh who accomplished his 5-year time period.

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Petronet is a three way partnership of IOC, GAIL, Oil and Natural Gas Corp (ONGC) and BPCL. The 4 state-owned companies maintain 12.5 per cent stake every within the firm whose chairman is the Oil Secretary. Petronet operates liquefied pure gasoline (LNG) import terminal at Dahej in Gujarat and Kochi in Kerala.

Important takeaways for all aggressive exams:

  • IOC Chairperson: Shrikant Madhav Vaidya.
  • IOC Headquarters: New Delhi.
  • IOC Founded: 30 June 1959.

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