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.
-
-
Neha Goyal Makes Stunning Asian Games Gold Revelation At NDTV World Summit 2026 -
Big NDTV Summit Impact: RBI Governor's Tata Sons Listing Remark Makes Top Newspaper Headlines -
"Certainty Is A Problem": Nikhil Kamath On Marriage, Children And Future -
"High Inflation Is Like Tax On Everyone": RBI Governor At NDTV World Summit -
RBI Governor Sanjay Malhotra's Big Hint On Tata Sons Listing Row At NDTV World Summit -
The Mystery Of A Bare Nail In Ashwini Vaishnaw's Office -
Paris Setback, Asian Games Glory: Lovlina Borgohain's New Perspective -
To PM Modi's "Failed Product" Jab At Rahul Gandhi, A Shashi Tharoor Counter -
'AI Scares Me': Kriti Sanon On Personality Rights And Need For Laws -
'This Time I Wanted Gold': Savita Punia Reflects On Historic Asiad Success
"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".
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Track Latest News Live on NDTV.com and get news updates from India and around the world
