Iran's OPEC governor dies from brain hemorrhage

Image
AP Tehran
Last Updated : May 16 2020 | 1:34 PM IST

Iran's OPEC governor died Saturday at age 67 after falling into a coma following a brain hemorrhage, the official IRNA news agency reported.

Hossein Kazempour Ardebili had represented Iran in the global oil cartel since 2013, including during high-level talks in recent years aimed at cutting production to prop up flagging prices. He previously served as Iran's OPEC governor from 1994 to 2008.

Iran has the world's third largest proven oil reserves, but has struggled to export since the United States withdrew from the 2015 nuclear deal and imposed heavy sanctions. The sanctions have exacerbated an economic crisis in recent years.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 16 2020 | 1:34 PM IST

Next Story