New Oil Minister Likely to Represent Iran at OPEC Meeting

LONDON (Dow Jones Newswires), June 3, 2011

Iran's new oil ministry caretaker is likely to represent Iran at the next meeting of the Organization of Petroleum Exporting Countries, a person familiar with the matter said Friday.

That would logically make him the chairman of the crucial oil policy meeting Wednesday in Vienna, with the Islamic Republic having assumed the group's rotating presidency this year.

Late Thursday, Iranian president Mahmoud Ahmadinejad appointed Mohammad Aliabadi as the caretaker of the oil ministry, bowing to parliamentary pressure against his previous decision to run the ministry himself.

Aliabadi, a close Ahmadinejad loyalist, is better known as the head of Iran's National Olympic Committee and as the former head of its National Sports Organization.

"He has worked closely with the president," the person said.

Copyright (c) 2011 Dow Jones & Company, Inc.


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