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Oil Minister dismisses ministry official in charge of following up the case of a controversial gas deal with the UAE

Monday, 19 August 2013

New Oil Minister Bizhan Namdar-Zanganeh, in his first move after receiving the Majlis’s  vote of confidence, dismissed Ahmad Khaledi, deputy minister of petroleum in international affairs and the one in charge of following up the Crescent (Petroleum) case.”  Zanganeh appointed Mansur Mo’azzami to replace Khaledi. Under a contract concluded in 2001, Iran was required to export 700 million cubic feet of gas per day to the UAE. The contract came under strong criticism by critics who claimed bribery and argued that the deal was not profitable (to Iran) since Crescent Petroleum, (an oil and gas company based in Sharjah (UAE)) acted as the middleman in the deal, and gaining a major share of the profits. The 25-year contract, which was signed during Zanganeh’s previous tenure as oil minister, was cancelled in 2009 and the case remains open for further review and finalization. The new Oil Minister also appointed Mohsen Paknezhad as caretaker of the department supervising exports of and trade in oil products. Paknezhad previously served as an adviser to oil minister and head of an HQ supervising fuel distribution in Iran. Related: Majlis member to vote against Oil Minister nominee due to past failures


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  • Published: 57 days ago on Monday, 19 August 2013
  • By: Iran Daily Brief
  • Last Modified: August 19, 2013 @ 12:11 pm
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://sahamnews.org/1392/05/254549/; http://www.farsnews.com/printable.php?nn=13920526000982; http://www.bornanews.ir/Pages/News-135484.aspx

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