Lanka IOC Chairman on working visit to Colombo

Lanka IOC PLC Chairman Makrand Nene meets the Petroleum Industries Minister Susil Premajayantha. Lanka IOC’s Managing Director K.R. Suresh Kumar looks on

India-based Chairman of Lanka IOC PLC Makrand Nene was in Colombo on a working visit recently during which time he had extensive discussions with Petroleum Industries Minister Susil Premajayantha, Petroleum Industries Ministry Secretary Sandya Wijebandara and the High Commissioner of India in Sri Lanka Ashok K. Kantha.

Among the wide ranging topics discussed by the Minister and the Lanka IOC Chairman were Lanka IOC’s marketing network plans for Sri Lanka, its future investments in China Bay, and, the impact of international oil prices on the marketing of petroleum products in Sri Lanka. Based in Mumbai from where he overlooks IOC’s operations in Sri Lanka, this is Nene’s first visit to Colombo since he took over the Chairmanship of Lanka IOC PLC last month (October 2011).

A supply chain expert, Nene spearheaded the logistics of Indian Oil during the transition to deregulation period and successfully harnessed IT interventions such as Transportation Scheduler, Daily Activity Management Systems etc. in Indian Oil’s logistics value chain. He is very well conversant with the planning and implementing marketing initiatives including successful finalization of MoUs with Stand Alone Refiners. He has wide ranging experience in all aspects of the activities in the marketing division, having worked in LPG (operation and sales), general operations, supply and distribution and heading logistics, shipping and commercial functions.

Nene has 33 years of experience covering all areas in the petroleum industry. His training in the Advanced Management Programme from the Management Development Institute, Guragaon and the Faculty Development Programme through Indian Oil Corporation Ltd, has significantly enhanced his expertise to achieve the goals of the Company.