Asharq Al-awsat English https://aawsat.com/english Middle-east and International News and Opinion from Asharq Al-awsat Newspaper http://feedly.com/icon.svg

Iran's OPEC Governor Dies from Brain Haemorrhage at Age of 67

Iran's OPEC Governor Dies from Brain Haemorrhage at Age of 67

Saturday, 16 May, 2020 - 05:45
FILE PHOTO: Iran's OPEC governor Hossein Kazempour Ardebili talks to the media at the OPEC Ministerial Monitoring Committee in Algiers - Reuters
Asharq Al-Awsat

Iran’s OPEC governor Hossein Kazempour Ardebili passed away in Tehran on Saturday after falling into a coma following a brain hemorrhage, the official IRNA news agency reported.


Ardebili, 67, had represented Iran in the global oil cartel since 2013, including during high-level talks in recent years aimed at cutting production to balance prices.


He previously occupied the position of Iran's OPEC governor from 1994 to 2008 and served as the country's deputy foreign minister and deputy oil minister earlier in the 1980s.


He was ambassador to Japan in the early 1990s, at the same time while serving as OPEC governor, according to Reuters.


Iran has the world's third largest proven oil reserves, but has struggled to export since the United States withdrew from the 2015 nuclear deal and imposed heavy sanctions, the Associated Press reported.


In recent years, the US sanctions have exacerbated Tehran's economic crisis.


Editor Picks

Multimedia