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Iran promotes NIOC finance director as new MD

Ali Kardor replaces Roknoddin Javadi as managing director of NIOC and will also have a seat on the company's board

Iran has appointed Ali Kardor to lead the state-owned National Iranian Oil Company (NIOC), promoting him from the role of finance director, as the country boosts crude output and seeks more than $100bn in investment to revive its energy industry.

Kardor replaces Roknoddin Javadi as managing director of NIOC, the oil ministry’s Shana news service reported, citing a decree that Oil Minister Bijan Namdar Zanganeh signed.

Kardor will also have a seat on the company’s board, Shana reported, without giving a reason for the management change.

As NIOC’s managing director, Kardor will need to solicit bids and award contracts to partners who can provide money and technology to expand Iran’s crude production and build advanced refineries and chemical plants.

Staff Writer

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