Iran’s Minister of Petroleum Bijan Namdar Zanganeh (file photo)

Iran oil ministry limits senior managers to serving four years

Bloomberg | : Iran’s Oil Minister Bijan Namdar Zanganeh is imposing four-year term limits for all top oil managers at state-run energy companies, with the rule taking effect in October.

The new order applies to managing directors, board members, deputies and senior executives who have held the same post since Oct. 23, 2014, or earlier, the semi-official Mehr news agency reported, citing an Oil Ministry statement.

The rule will affect the National Iranian Oil Co., National Iranian Gas Co., National Iranian Oil Refining & Distribution Co. and National Petrochemical Co., it said.

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