News in Brief
Minister appoints national oil company CEO
Iran’s new Oil Minister Mohsen Paknejad appointed Hamid Bovard as CEO of the National Iranian Oil Company (NIOC), Iran’s Oil Ministry news agency Shana reported on Thursday.
“By order of the oil minister, Hamid Bovard has been appointed as deputy oil minister and CEO of the National Iranian Oil Company,” Shana said. The minister also appointed members of the company’s administrative board. Paknejad was approved as Iran’s new oil minister on August 21, part of President Masoud Pezeshkian’s cabinet.
Iran is a major producer within the Organization of the Petroleum Exporting Countries (OPEC).
Iran currently pumps an average of 3.6 million bpd of oil, according to latest government figures and international shipping data, despite sanctions imposed by the US that restrict oil exports from the country.
Building, construction exhibition underway in Tehran
The four-day 24th International Exhibition of Building and Construction Industries will wrap up in Tehran on Sunday.
The exhibition provides great chances for businesses, manufacturers, suppliers, commercial media, and other businesses in related sectors to put their products, services, technologies, and business ideas to show, IRNA reported.
The opening ceremony of the exhibition was attended by senior officials including Head of the Iran Chamber of Cooperatives Bahman Abdollahi. A sum of 800 domestic companies and about 200 foreign firs are displaying their latest products, services, and capabilities in this event.
Identifying new groups of customers in domestic and international markets, increasing profitability and growth of construction industries and artisans, supporting sales activities of construction materials and equipment, introducing modern construction industry methods and equipment are among the goals of holding the expo.