Paknejad's departure was the first ministerial exit from Pezeshkian's cabinet since August 2024. The resignation followed weeks of reports regarding disputes over the management of Persian Gulf Petrochemical Industries Company and parliamentary questions over billions of dollars in sanctioned oil sales. Hamid Bovard, head of the National Iranian Oil Company, is currently acting oil minister as a widening US blockade pushes crude exports and oil revenues toward zero.
Tuesday, October 20, 2026
Story
Pezeshkian Appoints Former Oil Minister as Adviser 2 Days After Exit
Commodities15 days ago
A new appointment decree issued on Tuesday returns Mohsen Paknejad to the Iranian administration to help solve domestic problems and advance government goals. President Masoud Pezeshkian named the former oil minister as a presidential adviser just two days after he accepted Paknejad's resignation from the oil ministry on Sunday. Pezeshkian stated he expects the new adviser to draw on a network of industry experts to provide guidance to the presidency.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.