Iran Economy NewsIran's Ahmadinejad to head next OPEC meeting - report

Iran’s Ahmadinejad to head next OPEC meeting – report

-

Reuters: Iranian President Mahmoud Ahmadinejad will attend the next OPEC meeting set for June 8 in Vienna, the semi-official Fars news agency quoted a senior official as saying on Wednesday.

TEHRAN (Reuters) – Iranian President Mahmoud Ahmadinejad will attend the next OPEC meeting set for June 8 in Vienna, the semi-official Fars news agency quoted a senior official as saying on Wednesday.

Iran is the world’s fifth-largest oil exporter and holds the one-year rotating presidency of the Organisation of the Petroleum Exporting countries (OPEC), ministers of which are due to meet next month to discuss oil output policy.

“Considering that the president is the oil ministry’s caretaker, Ahmadinejad will attend the upcoming OPEC meeting,” said Mohammad Reza Mirtajeddini.

Ahmadinejad has been acting as temporary head of the oil ministry after he dismissed Iran’s oil minister earlier this month.

By law, the president has three months after removing a minister to introduce a new candidate to parliament. During that period he can act as head of the ministry or appoint someone to the post.

Massoud Mirkazemi and two other Iranian ministers were dismissed as part of a plan to merge several ministries to cut their number to 17 from 21.

A shake-up of the department in charge of Iran’s oil was expected after some officials said earlier this month that the oil and energy ministries and labour and social welfare ministries would be merged.

(Editing by Jason Neely)

Latest news

Iran’s Car Market Experiences Sharp Surge in Prices Afte War-Induced Stagnation

Media outlets in Iran report that the prices of many domestically produced cars have increased by 3 billion to...

UN Officials Call for a Halt to Executions and Repression in Iran

Volker Türk, the United Nations High Commissioner for Human Rights, in a statement published on April 29, strongly condemned...

Iran’s National Currency Has Declined by 120% Over the Past Year

Reports from Iran indicate a sharp surge in the price of the U.S. dollar in the open market in...

US Preparing for a Long-Term Blockade of Iran’s Ports

The Wall Street Journal, citing US officials, reported that US President Donald Trump has ordered preparations for a long-term...

War Economy and Stagflation in Iran

Unemployment and inflation in a war for which the Iranian regime is the primary cause are no longer merely...

Transfer of a death-row political prisoner to solitary confinement in Urmia, Iran

Punitive transfer of death-row political prisoner Mehrab Abdollahzadeh to solitary confinement in Urmia Prison Mehrab Abdollahzadeh, a political prisoner sentenced...

Must read

Iran may list $90 billion energy company in Dubai, MEED says

Bloomberg: Iran may list a $90 billion energy holding...

3,230 Iraqi law experts release statement on Iran opposition

Iran Focus: Baghdad, Jan. 17 – At a conference...

You might also likeRELATED
Recommended to you