4 hrs ago
Iran's Oil Minister Resigns; Company Chief Named Acting Minister
Iran's oil minister, Mohsen Paknejad, has resigned.
State media said President Masoud Pezeshkian accepted his resignation.
Hamid Bovard, who leads the National Iranian Oil Company, will take over the ministry for now.
The reports did not say why Paknejad resigned.
He had been oil minister since August 2024.
Before the resignation news, he said money from oil sales was still coming in.
The report also described economic pressure during a seven-month war between Iran and the United States.
Iranian state media reported that Oil Minister Mohsen Paknejad resigned on Sunday.
President Masoud Pezeshkian accepted Paknejad's resignation, according to state media.
Hamid Bovard, head of the National Iranian Oil Company, was appointed acting oil minister.
State media gave no reason for Paknejad's resignation.
Paknejad had served as oil minister since August 2024 and recently said oil-sale revenues were still arriving.
- Who
- Mohsen Paknejad resigned; Hamid Bovard was appointed acting oil minister, with President Masoud Pezeshkian accepting the resignation.
- What
- Iran's oil minister resigned, and the head of the National Iranian Oil Company was named acting minister.
- Where
- Iran.
- When
- State media reported the resignation on Sunday; Paknejad had served since August 2024.
- Why
- The reason for the resignation was not stated.
Key facts
- Departing minister
- Mohsen Paknejad
- Acting minister
- Hamid Bovard
- Resignation accepted by
- President Masoud Pezeshkian
- Reported on
- Sunday; no calendar date was provided
- Paknejad's tenure began
- August 2024
- Reason for resignation
- Not stated in the report
Quotes
Official at the president’s office
An official at the Iranian president’s office cited by state media.
“With acceptance of Mohsen Paknejad's resignation by Dr. Pezeshkian [the country's president], Hamid Bovard has been appointed as acting oil minister”
NDTV
Mohsen Paknejad
Iran’s former oil minister.
“revenues of the oil that we have sold are still coming and that will continue God willing”
NDTV
Sources
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