SHANA - National Iranian Oil Company (NIOC) CEO Ali Kardor delegated his powers as the companys CEO to his deputy for production affairs, Mohsen Paknejad, on Tuesday.
Mr. Kardor wrote a letter addressing Mr. Paknejad in which he authorized the latter to sign all NIOC documents now that Kardor is retired.
Considering the requirement to enforce the retirement age ban in Iran, which includes Ali Kardor, NIOC CEO, as well, he has put Mr. Paknejad at the helm of NIOC until the new CEO of the company is appointed.
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