Dhaka, Thursday, August 16, 2018 02:08 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Iran shakes up leadership of state oil company

Iran replaced the head of its state-oil company on Sunday amid tension within the government over how to handle the return of foreign investment after Western sanctions lifted in January.

Ali Kardor, who as National Iranian Oil Co.’s investment chief played a key role in bringing foreign companies back to the country, will succeed Rokneddin Javadi, managing director since 2013, NIOC said on its website.

Mr. Javadi, who resigned, has been appointed deputy minister in charge of supervising hydrocarbon resources, the company said.

The changes by Oil Minister Bijan Zanganeh come after government officials expressed disagreement over how to handle foreign investment and what kind of terms should be offered to foreign companies.

Those differences of opinion have contributed to delays in tendering new oil-development contracts, two people familiar with the process said.

In remarks carried by the oil ministry’s news agency Shana on Sunday, Mr. Zanganeh acknowledged that contracts for new oil projects had faced criticism and said he was optimistic the first ones could be signed within three months.

Conservative lawmakers and members of a paramilitary force called the Basij have frequently written on their websites that deals could be too generous to foreigners.

Mr. Javadi has also recently been criticized by conservatives in Parliament over an export deal with an Emirati company a decade ago, conservative news agencies Fars and Mehr reported. At the time, Mr. Javadi was an NIOC executive.

The conservatives, the news agencies reported, claim Mr. Javadi negotiated gas prices that were too low. A spokeswoman for the oil ministry and Mr. Javadi couldn’t be reached for comment.

While it hasn’t signed new deals to develop its fields, Iran has resumed sales of its oil to companies in the European Union after a three-year ban. Royal Dutch Shell PLC recently loaded one Iranian crude oil shipment as a spot cargo, NIOC’s marketing chief, Mohsen Ghamsari, said in remarks posted on the company’s website.

Shell last week declined to comment on making a shipment to Iran, which would be a first for Shell since sanctions lifted. Mr. Ghamsari said Iran doesn’t have a long-term deal with Shell.

Overall, Iran is selling 400,000 barrels a day to the EU—two-thirds of its presanctions market share—and is planning to boost that level to 700,000 barrels a day, Mr. Ghamsari said in an interview in May.

Print Friendly and PDF

   You may also like

Category: Other Countries
Coal mine blast kills four in southern China, another nine missing

Category: Other Countries
Rosatom joins the Nuclear Quality Standard Association

Category: Other Countries
Russia and China sign biggest package of contracts in nuclear sphere

Category: Other Countries
Russia and Jordan to co-operate in the field of Small Modular Rectors

Category: Other Countries
Rosatom develops automated individual radiation dose monitoring system

Category: Other Countries
World’s first floating nuclear power plant is set for fuel loading in Russia

Category: Other Countries
‘10th international atomic energy forum ATOMEXPO 2018 ends in Russia’

Category: Other Countries
‘Call me Equinor’: Statoil changes name

Category: Other Countries
Russian oil output hits 11-month high in March
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Other Countries Stories
Coal mine blast kills four in southern China, another nine missing
Rosatom joins the Nuclear Quality Standard Association
Russia and China sign biggest package of contracts in nuclear sphere
Russia and Jordan to co-operate in the field of Small Modular Rectors
Rosatom develops automated individual radiation dose monitoring system
World’s first floating nuclear power plant is set for fuel loading in Russia
‘10th international atomic energy forum ATOMEXPO 2018 ends in Russia’
‘Call me Equinor’: Statoil changes name
Russian oil output hits 11-month high in March
Solar seeks its place under Spanish sun


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy