Gulf Oil and Gas accountACCOUNT

OPEC Veteran Zanganeh to Be Reappointed as Iran Oil Minister

Source: www.gulfoilandgas.com 8/9/2017, Location: Asia

Share |
Iranís President Hassan Rouhani proposed the reappointment of its longest-serving oil minister, Bijan Namdar Zanganeh, who fought to restore crude production and closed a landmark deal with Total SA to develop the Persian Gulf countryís share of the worldís biggest natural gas field.

Rouhani submitted names of his cabinet nominees, including Zanganeh, for parliamentary approval. Zanganeh, a 65-year-old engineer who served two presidents as oil minister, succeeded in shielding Iran from joining global cuts in crude production by OPEC and other major suppliers. Parliament is set to vote on his reappointment starting next week.

During the first of his two terms as oil minister, from 1997 until 2005, Zanganeh enticed foreign companies including Total and Royal Dutch Shell Plc to help revive Iranís oil and gas fields after years of under-investment. He returned to the post in 2013 and boosted the nationís oil exports as production rose by about 1 MMbpd after the easing of economic sanctions in January 2016.

His latest efforts to woo investors bore fruit when Total signed a contract on July 3 to develop South Pars, Iranís share of the largest gas deposit, marking the first major investment by an international energy company since sanctions were scaled back.

When other members of the Organization of Petroleum Exporting Countries decided last November to pump less oil to reduce a global glut, Zanganeh wrangled permission for Iran to raise output by 90,000 bpd. He preserved the special arrangement when OPEC and allied producers extended their supply cuts through next March.

Zanganeh was born on June 22, 1952, in the western city of Kermanshah. He graduated with a bachelorís degree in civil engineering from the University of Tehran, where he also earned a masterís degree with distinction in the same subject.

Executive Recruiting News in Iran >>

Netherlands/Holland >>  10/18/2017 - Royal Dutch Shell plc announces that Guy Elliott has stood down as a Non-executive Director of the Company with immediate effect. ...
Oman >>  10/17/2017 - Al Wusta Cement Company LLC, a new cement producer which is developing the nationís third cement plant in Duqm at a cost of RO 225 million, has decide...

Netherlands/Holland >>  10/16/2017 - Fugroís current CEO, Paul van Riel, will retire as planned at the end of his term at the Annual General Meeting on 26 April 2018. The Supervisory Boar...
United States >>  10/16/2017 - Tidewater Inc. (TDW) announced that Jeffrey M. Platt has elected to retire effective October 15, 2017 from his roles as CEO, President, and a director...

United Kingdom >>  10/13/2017 - Genel Energy plc announces that Paul Schofield is stepping down from the role of Chief Operating Officer and will leave the Company on 16 October 2017...
Saudi Arabia >>  10/9/2017 - Sadara Chemical Company (Sadara), which recently announced commercial operations of the full chemical complex in Jubail Industrial City II, has appoin...

Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Sourcing & Procurement 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.