Iran's Oil Minister Mohsen Paknejad Steps Down: Report

Mohsen Paknejad has been the oil minister of the OPEC member country since August 2024 and steps down as the seven-month war between Iran and the US puts pressure on the country's economy.

04 Oct 2026, 17:55 · NDTV

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Mohsen Paknejad resigned as Iran's oil minister after less than a year in office
Hamid Bovard, CEO of National Iranian Oil Company, appointed acting oil minister
No official reason was given for Paknejad's resignation by state media

What lies behind the Iranian oil minister's sudden departure?
Dubai:

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.

Mohsen Paknejad has been the oil minister of the OPEC member country since August 2024 and resigns as the seven-month war between Iran and the US puts pressure on the country's economy.

"With acceptance of Mohsen Paknejad's resignation by Dr. Pezeshkian [the country's president], Hamid Bovard has been appointed as acting oil minister", state media cited an official at the president's office as saying.

Paknejad was cited by state media, ahead of the news of his resignation, as saying "revenues of the oil that we have sold are still coming and that will continue God willing".

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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