Mohammad Reza Aref, the First Vice President, in the introduction ceremony of Hamid Bord, the new caretaker of the Ministry of Oil, recalled the valuable services of Mr. Paknejad and stated: "I have lost a close friend, but our country is so political that if this meeting had not been held today, we would have faced baseless claims." These remarks were made while Mr. Paknejad is recognized as one of the important and influential figures in Iran's oil industry.
The Role of the Ministry of Oil in Providing Subsidies
Aref further referred to the role of the Ministry of Oil in providing subsidies and said: "Sometimes when we had problems in paying subsidies, we imposed the provision on the Ministry of Oil." This statement reflects the deep dependency of the government on oil revenues and the key role of this ministry in securing financial resources for subsidies. According to available information, Mr. Paknejad has assisted the government with 50 trillion tomans in the past 5 days, which indicates the financial capability and monitoring of the Ministry of Oil in critical economic conditions.
Read more: Hamid Bord's meeting with the managers of the National Oil Refining and Distribution Company
Ministry of Oil's Contributions to Health and Medical Sector
Aref also referred to the Ministry of Oil's contributions to the health and medical sector and stated that the government has benefited from these aids. This issue has become particularly important during the outbreak of infectious diseases and public health crises. Therefore, the Ministry of Oil is playing a role not only as an economic player but also as a social institution.
In this meeting, Aref emphasized the importance of international cooperation in the oil industry and noted that, given the economic sanctions, the need for active diplomacy in this area is felt more than ever. He also pointed out the existing challenges in securing foreign investments for oil projects and called for special attention from the government to this matter.
At the end of this ceremony, Aref stressed the necessity of maintaining and strengthening management structures in the oil industry and called for support for young and talented managers in this field. This action could help improve the performance of the Ministry of Oil and achieve the country's macroeconomic goals.
Read more: Energy Transfer expands to Permian natural gas with a $2.625 billion purchase of Vaquero · Introduction of Hamid Reza Bord as the caretaker of the Ministry of Oil




