Iran’s new oil minister elected

(Bloomberg) – Iran’s new president has appointed the head of the country’s natural gas company as the country’s oil minister as the Islamic Republic negotiates with world powers to revive oil exports.

Javad Ouji, formerly managing director but former managing director of Iran’s National Gas Company, has been suggested to play a role in President Ibrahim Rice’s list of cabinet nominees. He will replace retired veteran Bijan Namdar Zanganeh.

Ouji was recently the head of Sinai Energy Development, a state-owned charity run by its chief executive Ayatollah Ali Khamenei. His work included high-profile positions in other energy and petrochemical companies, such as Petro Mofid Development Holding, which was eventually controlled by the Camney office.

Critical start

“He is an engineer and a technocrat,” said Iman Nasari, managing director of the Middle East in Iran.

A.D. Rice’s decision to appoint Hawkish diplomat José Amirabdolahiyan as foreign minister indicates that the president intends to follow a strong line in the failed negotiations.

Iran’s crude production has declined since then: President Donald Trump In 2018, they pulled the United States out of the nuclear deal and tightened sanctions.

If other OPEC members try to impose a product quota if U.S. sanctions ease, OGG’s lack of diplomatic experience could make it harder for Iran to defend itself. The Organization of the Petroleum Exporting Countries (OPEC) and its partners began supply cuts early last year amid a cholera epidemic. Iran is free because of sanctions.

“Iran will have a difficult time defending its position and protecting Iran from calls,” Nasari said. Many of Iran’s current OPEC hands are not there and Ouji has no deep ties there.

– With the help of Arsenal Shahla and Golner Motevali.

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