Volatility in oil prices can be handled well by integrated oil company: DK Sarraf, Chairman, ONGC

Volatility in oil prices can be handled well by integrated oil company: DK Sarraf, Chairman, ONGC

In an exclusive chat with ET Now, DK Sarraf, Chairman, ONGC, says that size really matters in oil business when asked about Finance Minister’s plan of one large oil behemoth.

ET Now: What did you make of the decision or the intention as unveiled by the finance minister yesterday?

DK Sarraf: I would say that it is a wonderful policy statement which the honourable FM has made yesterday and he perhaps intends to create a bigger organisation which is more vibrant and which can take on to the market dynamics, market volatility because in oil and gas business the size really matters and bigger the better and I think the mind of the policymakers is working towards that.

ET Now: The finance minister has spoken about one large oil behemoth. What could the possible synergies be and the benefits which one could derive out of this?  Read More…

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