Former petroleum secretary SC Tripathi is tipped to be first chairman of the newly-constituted Petroleum and Natural Gas Regulatory Board (PNGRB). The board is expected to become functional next month, according to sources in the ministry.
Indian Oil Corporation's former director (research and development) NR Raje is likely to be a member of the regulatory board. Raje, who has over three decades' experience in the oil sector, is currently advisor to Lubrizol (I) Pvt Ltd. He is also director, Centre for Alternative Energy Research, University of Petroleum and Energy Studies.
A select committee headed by Planning Commission member (energy) Kirit Parekh chose Tripathi and Raje, sources said. Other members of the board include petroleum secretary MS Srinavasan, economic affairs secretary Ashok Jha, law secretary TK Vishwanathan and commerce secretary GK Pillai.
It is also reported that former chairman and managing director of Oil and Natural Gas Corporation Subir Raha declined to be considered for the position of a PNGRB member.
Raha as CMD of ONGC had strained relations with SC Tripathi, who was then petroleum secretary.
PNGRB comprises five members, including the chairman and member (legal). It would aim to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum production and natural gas. The board would seek to ensure uninterrupted and adequate supply of petroleum and petroleum products and natural gas across the country, apart from ensuring uninterrupted and adequate supply of these products in all parts of the country and to promote competitive markets.
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