Iran’s oil minister resigns as exports dry up under U.S. pressure
Headline from The Columbian
Iran’s Oil Minister Mohsen Paknejad resigned citing personal reasons, as the Islamic Republic tries to sustain its oil industry under a tightening U.S. blockade.
The Columbian's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
DUBAI, Oct 4 (Reuters) - 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.
DUBAI, Oct 4 (Reuters) - Iran's Oil Minister Mohsen Paknejad has resigned for personal reasons, and Hamid Bovard, chief executive of the government-owned National Iranian Oil Company, will be acting minister, state media said on Sunday.
Iran’s Oil Minister Mohsen Paknejad resigned citing personal reasons, as the Islamic Republic tries to sustain its oil industry under a tightening US blockade.
Departure comes amid large drop in oil receipts, rampant inflation and shrinking economy Iran’s oil minister has resigned days after allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars’ worth of export receipts to the state.
Iran’s Oil Minister Mohsen Paknejad resigned citing personal reasons, as the Islamic Republic tries to sustain its oil industry under a tightening U.S. blockade.
Iran’s oil minister has resigned as the U.S. blockade pushes the country’s crude exports and oil revenues toward zero, handing control of Iran’s most important industry to the head of the National Iranian Oil Company.
Iran’s oil minister resigns as exports dry up under U.S. pressure | Since Then
