• CERAWeek
  • March 18 - 22, 2024
  • About

Ranjit Rath

Oil India Limited

Chairman and Managing Director

Dr. Ranjit Rath, an alumnus of IIT Bombay & IIT Kharagpur, is currently leading Oil India Limited, India’s oldest National E&P Company as the Chairman & Managing Director and Numaligarh Refinery Limited as the Chairman. Dr. Rath is a recipient of the prestigious National Geosciences Award from the Hon`ble President of India for 2016. Dr. Rath has also been bestowed the Distinguished Alumnus Award (DAA) of IIT Kharagpur for the year 2022. A Geoscientist with impeccable experience and expertise of more than 25 years in the field of geosciences, Dr. Rath, prior to joining at the helm of affairs of Oil India Limited, was the Chairman cum Managing Director of Mineral Exploration & Consultancy Limited, India and also held additional charge of the Director General of Geological Survey of India, Chief Executive Officer of Khanij Bidesh India Limited; Managing Director of Bharat Gold Mines Limited. Dr. Rath has a rich portfolio of diverse roles spanning from strategy formulation, business development and upstream asset management to application of geosciences & exploration geology in several important projects including creation of Strategic Petroleum Reserves, a first of its kind initiative of Govt. of India entailing underground rock caverns for strategic storage of crude oil - An intervention towards Energy Security. Dr. Rath is leading the next phase of growth of Oil India Limited with a focus on driving Production Volumes and realizing full potential through cutting edge technology solutions, robust assurance frameworks and leveraging business partnerships.

Sessions With Ranjit Rath

Wednesday, 8 March

  • 04:55pm - 05:35pm (CST) / 08/mar/2023 10:55 pm - 08/mar/2023 11:35 pm

    Asia: Energy transition partnerships

    Gas & LNG Energy Transition/Climate & Sustainability
    Asia Pacific is central to the global energy transition, with the region accounting for half of worldwide carbon emissions. In the S&P Global base-case outlook, the region’s share of fossil fuels in the primary energy mix is expected to fall from 84% in 2021 to 58% in 2050, contributing to a 21% decline in carbon emissions, despite a 27% growth in the overall primary energy demand in the same period. There is no doubt that Asian national energy companies will continue to play an increasingly significant role in the energy transition. The oil & gas industry has managed the risks/rewards of partnerships over the last 100 years. Can this experience help reimagine future energy transition partnerships? What’s required to accelerate green project collaboration and development of carbon management hubs? How will the upfront investments in decarbonization get the required capital and technology support to scale? Other concerns include costs, drivers for local and regional policy, and providing affordable energy access in a region with increasing energy imports and significant cultural and geographical diversity. How will Asian companies embrace the transition while balancing national mandates and corporate goals?