DUBAI: Iran’s Oil Minister Mohsen Paknejad has resigned and Hamid Bovard, chief executive of the government-owned National Iranian Oil Company, will be in charge of the ministry as acting minister, state media said on Sunday, without providing a reason for the resignation.
Mohsen Paknejad has been the oil minister of the OPEC member country since August 2024 and resigns as the seven-month war between Iran and the US puts pressure on the country’s economy.
“With acceptance of Mohsen Paknejad’s resignation by Dr. Pezeshkian [the country’s president], Hamid Bovard has been appointed as acting oil minister,” state media cited an official at the president’s office as saying.
Paknejad was cited by state media, ahead of the news of his resignation, as saying “revenues of the oil that we have sold are still coming and that will continue God willing.”
LONDON: A Syrian official met the commander of the UN Disengagement Observer Force on Sunday…
JERUSALEM: Israeli Prime Minister Benjamin Netanyahu ordered a security review of international flights to Israel…
LONDON: Israeli forces bombed a private school, set fire to homes and carried out airstrikes…
HOMS: Commercial activity in Homs’ Al-Bayada neighborhood is picking up as most residents return and an estimated…
LONDON: The UK’s left-wing Green party on Sunday voted to define Zionism as racism at…
LONDON: A UK immigration court has overturned government decisions preventing two Palestinian families in Gaza…