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Raha new 'Energy Executive of the Year'

Former chairman and managing director of ONGC has been shortlisted for 'Energy Executive of the Year' award.

india Updated: Aug 08, 2006 16:06 IST

Subir Raha, former chairman and managing director of Oil and Natural Gas Corp (ONGC), has been shortlisted for the prestigious 'Energy Executive of the Year' award, instituted by London-based renowed energy journal 'Petroleum Economist'.

The other shortlisted nominees are: Elias Velasco Garcia of Union Fenosa Gas, John Lau of Husky Energy, Alexander Medvedev of Gazexport and Adnan Shihab-Eldin, acting secretary - Opec, a press release said in New Delhi.

The winner for the coveted award will be announced at an awards ceremony in September at the Banqueting House in London. The evening will be hosted by the highly-respected BBC World Affairs Editor, John Simpson CBE.

Raha has spent more than 35 years in the oil industry and held various posts including the top slot of India's most valuable company—ONGC.

In a communique, Petroleum Economist has mentioned that "Raha's appointment in 2001 launched a progressive period of investment and exploration that secured numerous commendations for clean energy and transparency initiatives for the ONGC group. The development of education and research programmes demonstrated Raha's commitment to the future of ONGC and the industry at large."

The 70-year-old energy publication, which is the official publisher of most of the global energy events, including World Petroleum Congress and World Gas Conference, has 10 Award categories, with the most coveted one being the 'Energy Executive of the Year Award.'

"Whether their actions have added value to the organisation either financially or through goodwill, international diplomacy or strategic vision. The candidates should also have an excellent rapport and relationship with co-workers, employees and industry colleagues."

Amid a deluge of nominations this year, Raha emerged as the potential candidate for the prestigious award after successfully meeting all parameters, it said.

During his tenure, ONGC had shot to fame by becoming the most valuable company of the country. It also remains the first Indian PSU to have entered into an agreement with the 'Transparency International' to implement Integrity Pact in all its tendering process to make the system totally transparent and free from corruption.

Raha's contribution to the R&D and training in ONGC has also opened up new horizons in the company.