G.K. Satish appointed as a board member of Russian Energy Giant Rosneft: Russion energy giant Rosneft has took a significant move towards enhancing trade ties with India by appointing a former Indian Oil Cooperation (IOC) director Govind Kottis Satish as its board member.
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What in News?
Rosneft announced the selection of Indian Oil Corporation director G.K. Satish as a member of its board of directors at its annual general meeting on June 30. The Russian Oil Company has partnership with the Indian Oil Cooperation in oil and gas fields in Russia.
Indian firms such as IOC and such other companies get the crude oil from Russian Oil Company and Russian Oil Company has recently initiated the shipment of naphtha to refiners in Gujarat.
According to data, the Russian Oil Company supplies around 2 million barrels per day of crude oil to Indian enterprises, which equates to 100 million tonnes.
NDTV reported that Rosneft has entered into a long term agreement to provide Satish’s former company with 6 million tonnes of crude oil annually. It also deals with other state owned refiners in similar way, which includes Bharat Petroleum Corporation ltd. (BPCL) and Hindustan Petroleum Corporation ltd. (HPCL).
More about Govind Kottis Satish
- Govind Kottis Satish has been appointed as a board member of Rosneft, as announced during the company’s annual general meeting on June 30.
- Satish has over 30 year experience in the Indian Oil in the areas of marketing operations, logistics, business development, International trade, Natural Gas Business and human resources.
- Satish, 62, will leave his position as director of commercial development at IOC in 2021.
- Additionally, Satish also holds a position of Chairman at Indian Oil-Adani Gas Pvt ltd. which is developing city gas distributing (CGD) networks in various cities across the country.
- Satish currently holds a position of Chairman at Indian Oil LNG Pvt ltd.
- Prior to this, Satish was Executive Director in Charge at Indian Oil.
- Satish earned his bachelor’s degree in medical engineering from the National Institute of Technology in Surat and his master’s degree in management from the Management Development Institute in Gurgaon.
