"Oil Minister Kazem Vaziri Hamaneh will continue his work at the ministry," said the source, who wanted not to be named.
Member of Majlis Energy Commission Shokrollah Attarzadeh had earlier claimed that former deputy chief of the Islamic Republic of Iran's Broadcasting for the Administrative and Financial Affairs Ali Kordan would soon be named as successor to Oil Minister Kazem Vaziri Hamaneh.
Oil minister to be changed soon
Former deputy chief of the Islamic Republic of Iran's Broadcasting for the Administrative and Financial Affairs Ali Kordan will soon be named as successor to Oil Minister Kazem Vaziri Hamaneh.
Member of Majlis Energy Commission Shokrollah Attarzadeh told reporters on Sunday that Hamaneh had been introduced as the oil minister under emergency conditions to avoid any gap in
administration of affairs.
Attarzadeh disclosed that establishment of an oil stock exchange is not on the government's.
Iran, Saudi Arabia enjoy great potentials for joint venture: officialIran and Saudi Arabia have very good potentials to enter into joint venture projects, Iran's Deputy Commerce Minister Mehdi Ghazanfari said on Sunday.
Ghazanfari made the remark while speaking to IRNA on the sidelines of the 7th Iran's exclusive exhibition currently underway in Saudi Arabia.
"Iran and Saudi Arabia, as two important and influential states in the region, enjoy great potentials in various economic fields.
"Bilateral economic potentials should be used for promotion of the two countries' economy," he said.
He added, "Unfortunately, certain political ambiguities between Tehran and Riyadh in the past have left adverse impacts on mutual trade and economic ties."
The official stated the recent visit by Iranian President Mahmoud Ahmadinejad to Riyadh prepared ground for improvement of economic relations.
He expressed hope that an exhibition would be held in Iran on attraction of investment, saying, "In that case, projects and plans which need foreign investment will be put on display."
Ghazanfari noted the volume of exchanges between Iran and Saudi Arabia stood at over 797 million dollars in 2006 and said the figure is expected to increase in 2007.
