Iranian oil and foreign affairs ministers attended the funeral procession for Iran’s OPEC Governor Hossein Kazempour Ardebili which was held on Sunday in Tehran, Shana reported.
Kazempour Ardebili, 68, passed away in a hospital in Tehran on Saturday, two weeks after he slipped into a coma due to a brain hemorrhage.
Kazempour Ardebili was appointed as Iran’s representative to OPEC in 1995 and served for 13 years.
He once again became Iran’s governor to OPEC in 2013 and had held the post until he passed away.
In the early 1990s, Kazempour Ardebili had been Iran’s ambassador to Japan. He also served as the country's deputy foreign minister and deputy oil minister in the 1980s.
Iranian Deputy Foreign Minister for International and Legal Affairs Mohsen Baharavand and the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Mohammad Sanusi Barkindo in a meeting in Vienna on Saturday reviewed bilateral relations in the field of energy.
An OPEC+ monitoring panel will meet next week to discuss the ongoing record production cuts to see how laggards in compliance are doing with making up for flouting quotas, but will not be making any decisions regarding the collective cut that was just extended through the end of July, five OPEC+ sources told Reuters on Friday.
Iranian Oil Minister Bijan Namdar Zanganeh has offered condolences on the passing of the country’s Governor to the Organization of Petroleum Exporting Countries (OPEC) Hossein Kazempour Ardebili, Shana reported.
He survived a bombing that left him badly wounded, and defended Iran’s oil interests through war and sanctions. Hossein Kazempour Ardebili, who died on Saturday, was one of the ultimate OPEC negotiators.
Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.
The impact from the Covid-19 pandemic will continue to pressure global oil prices but a shift in consumer patterns because of lockdowns may weigh on oil demand in the longer term, according to research by China's biggest state-controlled refiner Sinopec.