Mr. R.S.Butola is Chairman of Indian Oil Corporation Ltd., India’s flagship oil & gas major and the highest ranked Indian company in the prestigious Fortune Global 500 listing. Before joining IndianOil, Mr. Butola was the MD of ONGC Videsh Ltd. (OVL). Under his stewardship, OVL built a formidable E&P portfolio comprising both discovered and producing assets in over 15 countries. Mr. Butola is also the Chairman of Petroleum Federation of India (PetroFed).

In a career spanning about three decades, out of which two decades is in the hydrocarbon industry, Mr. Butola has shouldered various responsibilities prominent among which are the appraisal and evaluation of the Mumbai High Redevelopment Scheme as well as the implementation of ONGC’s first ERP. As the first Chief-Commercial of ONGC, Mr. Butola was instrumental in negotiating and executing the first Crude Oil Sales Agreement with the Refineries upon dismantling of the erstwhile Administered Pricing Regime. Mr. Butola holds a MBA from the Faculty of Management Studies, Delhi and is a Certified Associate of the Indian Institute of Bankers (CAIIB).