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Iran Appoints National Oil Company CEO

Iranians walk past shops in a street in Tehran on August 27, 2024. (Photo by ATTA KENARE / AFP)
Iranians walk past shops in a street in Tehran on August 27, 2024. (Photo by ATTA KENARE / AFP)
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Iran Appoints National Oil Company CEO

Iranians walk past shops in a street in Tehran on August 27, 2024. (Photo by ATTA KENARE / AFP)
Iranians walk past shops in a street in Tehran on August 27, 2024. (Photo by ATTA KENARE / AFP)

Iran's new oil minister Mohsen Paknejad appointed Hamid Boord as CEO of the National Iranian Oil Company (NIOC), Iran's oil ministry news agency SHANA reported on Thursday.
"By order of the oil minister, Hamid Boord has been appointed as deputy oil minister and CEO of the National Iranian Oil Company," SHANA said.
The minister also appointed members of the company's administrative board, SHANA added.
Paknejad was approved as Iran's new Oil Minister on Aug. 21, part of Masoud Pezeshkian's unity cabinet.
Iran is a major producer within the Organization of the Petroleum Exporting Countries (OPEC).

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Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
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Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor 

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)
People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

Türkiye is facing genuine disinflation prospects, its deputy central bank governor said on Wednesday, adding that it was replenishing reserves following the hit to them in the wake of recent political turmoil.

"For the first time, I believe we are facing genuine disinflation prospects in the true sense of the world," Central Bank Deputy Governor Osman Cevdet Akcay said during a panel discussion at the European Bank for Reconstruction and Development annual meeting in London.

"So, we might see a break in inflation numbers suddenly to be sustained."

He added the central bank was rebuilding the country's reserves "slowly but surely."