Ali Kardor appointed as the managing director of National Iranian Oil Co.

Ali Kardor appointed as the managing director of National Iranian Oil Co.

Ali Kardor, who was previously the deputy managing director of NIOC for making investment and securing finance, replaced Rokneddin Javadi, the ex-managing director of the company.

On June 18 in Tehran a farewell ceremony to the ex-Managing Director of National Iranian Oil Company (NIOC) Roknoddin Javadi and introducing his replacement Ali Kardor on Saturday, Zangeneh said, “We fulfilled our promise to add 500,000 b/d to Iran’s crude oil output in less than three months and, in the recent OPEC conference, everyone admitted that the speed of Iran’s return to the market was astonishing and unbelievable.”

Iranian Minister of Petroleum Bijan Zangeneh said Iran has managed to recapture a major portion of the share it lost in the global oil market because of the US-led sanctions on Tehran’s nuclear program, adding that “contrary to what some had speculated, Iran’s return to the market did not reduce the prices.”

 

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