Essar Oil, a fully integrated oil and gas company with strong presence across the hydrocarbon value chain, today appointed Amitabh Bhargava, as the Chief Financial Officer (CFO) of its Exploration and Production (E&P) division. Prior to this, Bhargava was the Managing Director of Nomura India Infrastructure Fund.
"Amitabh Bhargava has a rich experience of 20 years, especially in the infrastructure sector, which will benefit Essar Oil in driving the E&P segment, which is on the cusp of take off," said Iftikhar Nasir, CEO – E&P, Essar Energy. Essar Oil is a subsidiary of London Stock Exchange (LSE) listed Essar Energy. Essar Oil’s E&P business is on the verge of beginning commercial production.
Bhargava has experience in private equity, project finance, structured finance and project advisory in the infrastructure sector. He has worked with organisations like GMR Infrastructure, RREEF Infrastructure (Deutsche Bank), Macquarie Capital Advisors, ICICI Venture and ICICI Bank. He has also worked with GAIL India in the area of Project Management and Operations.
Bhargava is a graduate in chemical engineering from Institute of Technology - Banaras Hindu University and a management graduate from SP Jain Institute of Management and Research, Mumbai.