Oil Minister Javad Owji appointed Mohsen Khojastemehr as the managing director of the National Iranian Oil Company on Thursday.
With a PhD in petroleum engineering, Khojastemehr has held different management positions, including the head of Tadbir Drilling Company, a subsidiary of the...
Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws.
The rally was slightly dampened by China’s first public sale of state crude reserves, Reuters reported.
Brent...