EU Economic Adviser: Iran's oil industry may suffer irreparable damage

Azerbaijan, Baku, July 28 / Trend, T.Jafarov /

Iranian President Mahmoud Ahmedinejad has nominated "Sepah" General Rostam Ghasemi, who is known in international sanctions as the minister of oil. The move indicates the Islamic Republic's contempt for the international community, European Union adviser for economic affairs Mehrdad Emadi told Trend over the phone.

He said if Ghasemi is appointed as the Iranian Oil Minister, he will have to represent Iran in various states.

"Ghasemi's visits to other countries are risky, as state imposing sanctions will require his arrest. In such circumstances, his nomination for the post of oil minister is a kind of indication of Iran's contempt for the UN Security Council, Europe and the United States", Emadi said.

Iranian President Mahmoud Ahmadinejad submitted a new list of candidates for the post of four ministers in a letter to Parliament on Wednesday. According to Ahmadinejad's letter, nominees to head the newly merged ministries include Roustam Ghasemi as Oil Minister, Abdolreza Sheikholeslami as Minister for Cooperatives, Labor and Social Security, Mehdi Ghazanfari as the Minister of Industry, Mines and Trade, and Mohammad Abbasi as the Minister of Sports and Youth Affairs.

The parliament will consider the candidacies next week. All these ministerial posts are currently vacant.

One of the commanders of the Islamic Revolutionary Guards Corps ("Sepah") Rostam Ghasemi is Chief Khatam-ol Anbiya. According to Iranian websites, Ghasemi served in the oil sector for nearly twenty years and implemented the sixth phase of the "South Pars" gas project. Ghasemi's name appears in the UN Security Council resolution 1929, the EU, and in U.S. sanctions.

According to Emadi, Ghasemi's nomination as Iran's oil minister will further weaken Iran's position in OPEC.

"Iran is currently chairing OPEC. Even if Ghasemi will attend OPEC meetings as oil minister, will he be trusted? It is doubtful that Ghasemi would protect the position already lost to Iran with OPEC", Emadi added.

Iran has chaired OPEC since January 2011. During this period several oil ministers were replaced. Despite the fact that Iran's former Oil Minister Masud Mir Kazemi was elected as OPEC Chairman, he was later sent into retirement. Iran's representative to OPEC was acting Minister of Oil Mohammed Aliabadi. If Ghasemi is elected as oil minister, OPEC chairmanship will be transferred to him.

Iran is chairing OPEC for the first time in 36 years.

According to Emadi, Ghasemi's appointment as minister is Ahmadinejad's step aimed at strengthening ties with the "Sepah". However, appointing Ghasemi as Iran's oil minister will cause irreparable damage to the country's oil and gas industry, Emadi added.

Hundreds of Lebanese join anti-government protests as lockdown eased
Hundreds of Lebanese join anti-government protests as lockdown eased
Bolsonaro threatens to withdraw Brazil from WHO
Bolsonaro threatens to withdraw Brazil from WHO
UK coronavirus death toll rises by 204 to 40,465
UK coronavirus death toll rises by 204 to 40,465
Loading Bars
Latest
Azerbaijan supports extension of OPEC+ deal
OPEC agrees to further extend production cuts
Hundreds of Lebanese join anti-government protests as lockdown eased
Bolsonaro threatens to withdraw Brazil from WHO
Iraq renews its commitment to OPEC+ deal
UK coronavirus death toll rises by 204 to 40,465
Azerbaijan confirms 379 new COVID-19 cases
OPEC, Russia to extend record oil cuts to end of July
Volume of issued mortgage loans increases in Azerbaijan
Deposit liabilities of Georgia's banking system decrease
Uzbekistan, China may set up joint venture for bearing production
Pros and cons of Iran’s new car presale lottery plan
Azerbaijani Central Bank's foreign exchange reserves grow
What to expect from OPEC+ meeting today
Georgia makes changes to Produce in Georgia program
Uzbekistan exports wild cherry to China
Uzbekistan introduces recycling fees for cars
Prices for Iran's petrochemical products down
Iran to supply support packages to population until COVID-19 is curbed
Tires, special vehicles manufacturing launch underway in Kazakhstan's Karaganda
Georgia's Medifari company plans to export facemasks to Israel, Russia, Belgium
Azerbaijan's Pasha Capital - leader in volume of operations on Baku Stock Exchange
Kazakhstan to manufacture petrocemical products from coal
EBRD, TBC Bank implement two mega-center projects in Georgia
Azerbaijani oil prices show mixed change
DHL resumes its operations in Turkmenistan
Azerbajan expanding broadband internet in regions
Turkmenistan to lock deals with foreign companies to buy pest control chemicals
China opens new transport corridor to Uzbekistan
Weekly review of Azerbaijan's precious metals market (May 29-June 5)
Georgia reduces electricity consumption during coronavirus
Pomegranate crop in Azerbaijan surpasses last year's yield
Oversized goods transportation launched to Kazakhstan's Karachaganak
Construction materials export from Uzbek Samarkand region increase
Georgia, Romania eye to boost cooperation opportunities in Black Sea region
Weekly review of Azerbaijani currency market
Baku Higher Oil School to hold online I International Scientific Conferences of Students and Young Researchers
Philippines confirms 7 new coronavirus deaths, 714 more cases
Romania, Georgia work on resuming Constanta - Poti / Batumi ferry connection
Corporate securities transactions rise in Azerbaijan
Wheat harvest kicks off in some regions of Turkmenistan
Georgian municipality predicts potato harvest for this season
How COVID-19 impacts Georgian fuel market?
Kazakhstan's uranium processing venture to buy equipment spare pars via tender
Coronavirus cases up in Georgia
Turkmenistan, Russia set measures to boost co-op in construction sector
Data on petroleum, chemical products manufacturing in Azerbaijan disclosed
China reports three new COVID-19 cases, two asymptomatic cases
Minister: Germany supports Georgia in economic development
Germany's confirmed coronavirus cases rise by 407 to 183,678
Turkmenistan, France discuss trade, economic cooperation
Capex on offshore wind to surpass upstream spending in Europe in 2022
Kazakhstan’s Atyrau refinery opens tender for radio system modernization
Turkey's export to OIC member states shrinks
Transactions on public securities on Azerbaijan's primary market down
Armenia violates ceasefire with Azerbaijan 24 times
Iran's historical cities suffer from lack of foreign tourists, thanks to COVID-19
Georgia's engineering firm Kaya offers additional services
Iranian trucks with goods enter Turkey, following months of closure
Iran plans to transfer gas from Kish field to feed South Pars refinery
Georgia expects rich hazelnut harvest
Thailand reports two new coronavirus cases, no new deaths
Iran to create holdings to control rental houses, apartments
FAO, Azerbaijan to develop new program
Kyrgyzstan reports 38 new COVID - 19 cases, 1974 in total
6.2-magnitude quake hits Kazakhstan -- local department
Bolsonaro threatens to withdraw Brazil from WHO
Small plane crash in U.S. state of Georgia kills 5
S. Korea reports 51 new virus cases, most in 8 days
Chinese mainland reports no new domestically transmitted COVID-19 cases
Chile reports 122,499 COVID-19 cases with 1,448 deaths
Head of Al-Qaida in Islamic Maghreb killed in Mali by French forces: minister
Street near White House renamed ‘Black Lives Matter Plaza’ — mayor
58 more coronavirus patients die in Moscow in past day — crisis center
Some 41,500 National Guard officers on duty in US amid protests
WHO recommends wider use of face masks to curb COVID-19
Facebook says it found no foreign interference targeting U.S. protests
Trudeau takes a knee at anti-racism protest on Parliament Hill
Trump orders 9,500 US troops to leave Germany
Finland's finance minister steps down over training payments
5.2-magnitude quake jolts eastern Turkey
EU countries agree on coordinated, non-discriminatory lifting of travel ban
Turkey: Daily coronavirus recoveries up with over 1,600
UK COVID-19 deaths top 40,000 as another 357 patients die
ADB eyeing agreement signing on road reconstruction in Kazakhstan
Azerbaijan discloses number of coronavirus tests
Italy's COVID-19 death toll up 85 to 33,774
Tourists from Israel may be among first visitors to Georgia
Agent bank of two more liquidated banks chosen in Azerbaijan
Azerbaijan plans to increase Virginia tobacco production
Central Bank of Iran seeks to unfreeze foreign currency sources abroad
Azerbaijan Wine Producers & Exporters Association eyes new markets for export
Kazakhstan's Shymkent to oversee implementation of various agro-industrial projects
Azerbaijan’s Technol plant talks about production plans
Georgia begins construction of Namakhvani HPP cascade
Azerbaijan’s Elektrogas company testing latest models of heating equipment
Industrial parks to appear in Kazakhstan's Almaty
Agrarian Credit & Development Agency talks subsidies issued to Azerbaijani farmers
Turkmenistan develops packers to increase oil field productivity
Construction of Georgian Kutaisi bypass road nearing completion
All news