Morteza Shahmirzai, former Deputy Minister of Oil and former CEO of the National Petrochemical Company of Iran, has been appointed as the CEO and Vice Chairman of the Board of Mofid Economy Group. In this capacity, he replaces Ebadollah Abdollahi, who had stepped down from the CEO position more than a year before the end of his term.
Management Changes at Mofid Economy Group
According to the announcement of changes at Mofid Economy Group and the minutes of the Board of Directors meeting dated October 21, 2026, this management change is part of a restructuring of the group's management structure. Morteza Shahmirzai, as one of the experienced managers in the petrochemical industry, takes on a new responsibility in this economic entity. In these changes, Mehdi Ghazanfari has also been appointed as the new Chairman of the Board of Mofid Economy Group.
Read more: New Record for Gas Injection in Shourijeh D Reservoir
Morteza Shahmirzai's Professional Background
Morteza Shahmirzai is an experienced manager in Iran's oil and petrochemical industry. In December 2021, he was appointed as Deputy Minister and CEO of the National Petrochemical Company by Javad Owji, the then Minister of Oil. During this period, Shahmirzai was responsible for leading the company at a time when issues such as production capacity development, feedstock supply for complexes, localization of equipment, and expanding investment in the petrochemical industry were at the forefront.
After nearly three years of managing the National Petrochemical Company, Shahmirzai was succeeded by Hassan Abbaszadeh in October 2024. Now, with his appointment as CEO of Mofid Economy Group, a new chapter in his managerial career begins. In addition to Shahmirzai's appointment, the composition of the Board of Directors of Mofid Economy Group has also changed, with Reza Golestani replacing Ebadollah Abdollahi as a representative of Parsian Investment Company. Furthermore, Amir Mohammad Rahimi and Alireza Sadeghi Abdollahi have also been added to the new Board of Directors.
These management changes indicate the formation of a new management composition at Mofid Economy Group, which may influence the policies and priorities of this economic entity. Given Shahmirzai's background in the oil and petrochemical industry, it is expected that Mofid Economy Group will pursue policies aligned with further development and advancements during the new management period.
Read more: Jam Petrochemical Seeks Greater Market Share in China Focused on High-Demand Products · Inauguration of the National Pavilion of the Islamic Republic of Iran at the Ninth China International Import Expo
