Iran’s oil minister has named Roknoddin Javadi as the new head of state-run National Iranian Oil Company (NIOC) to replace the outgoing Ahmad Qalabani, according to the country’s official energy industry news service, SHANA.
Minister Bijan Namdar Zanganeh and Javadi were contemporaries when Zanganeh was oil minister under the reformist president Mohammad Khatami, Javadi was then director of the Oil Industries Engineering and Construction Company (OIEC). The oil minister has also named Javadi his deputy.
The move is part of a high-level energy sector-wide shuffle by Iran’s new government. Earlier Zanganeh had appointed Abbas Sheri Moqqadam and Hamid Reza Araqi respectively as managing director of National Petrochemical Company (NPC) and managing director of National Iranian Gas Company (NIGC).
Iran holds the world’s fourth-largest proven oil reserves and the second-largest natural gas reserves but tightening international sanctions and underinvestment in technology and the overall energy sector has slowed down further development.