Ali Kardor, the New MD of NIOC

Javadi Replaced by Kardor- A Big Change for NIOC?

In June this year, Ali Kardor was appointed by the Ministry of Oil as the MD of NIOC, thus succeeding Rokneddin Javadi.
Mr. Javadi, who resigned, has been appointed deputy minister in charge of supervising hydrocarbon resources, the company said.

But what does this change mean and bring?

The reason is for such change is, according to some resources, is the role Mr. Javadi has played in Cresnet agreement and the pressure made by fundamentalists. The latter who have vastly criticized the Cresnet project, condemn all officials involved in that project to corruption and treason.

However, the Wall Street Journal analyzes this “Shake” as a result of disagreement between Oil Minister, Bijan Zanganeh, and Javadi over how to handle foreign investment and what kind of terms should be offered to foreign companies. Those differences of opinion have, in the belief of Wall Street Journal, contributed to delays in tendering new oil-development contracts, two people familiar with the process said.