Upstream firms need to learn how to grow with low oil prices: ONGC chairman

Oil and gas companies can benefit from taking a contrarian view, says ONGC's D K Sarraf

Whether it was the takeover of Gujarat State Petroleum Corporation's (GSPC's) Krishna Godavari block or the gas migration dispute with Reliance Industries Ltd (RIL), the Oil and Natural Gas Corporation (ONGC) dominated news headlines last financial year. In an interview with Jyoti Mukul and Shine Jacob, its chairman and managing director D K SARRAF talks about the low oil prices and the need to adopt a contrarian view. Edited Excerpts:

As the biggest domestic player in the oil sector, what is your view on oil prices and how do you plan to tackle them?

Though it is very difficult to predict future