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Davoud Danesh-Jafari

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Title: Davoud Danesh-Jafari  
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Subject: Safdar Hosseini, Iranian oil bourse
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Davoud Danesh-Jafari

Davoud Danesh-Jafari is the former minister of economy and finance affairs of Iran.


Born in 1954 in Tehran, Danesh-Jafari graduated with a bachelor's degree in civil engineering from Regional Engineering College, Srinagar (Affiliated to Kashmir University)[1] India. In 1992 he received a master's degree in economics, and in 2001 he obtained a PhD from Allameh Tabatabaii University, Iran. He was a member of the parliament in the 5th term and in the 7th term.

Since 2006 he was involved in plans to create the Iranian Oil Bourse, a commodity exchange for oil and oil byproducts, which would trade mostly in the Iranian currency and other major currencies[2] In December 2006, he was reported as saying that he intended to reduce US dollar based transactions as much as possible.[3]

In January 2008, he announced that the Iranian Oil Bourse would be opened during the anniversary of the Islamic Revolution (February 1–11) a month later.[4] Oil Minister Gholam Hossein Nozari later announced that Davoud Danesh-Jafari would become its head.[5] The Oil Bourse opened on 17 February 2008 on Kish Island.[6][7][8][9]

He served as the minister of economy and finance affairs in the cabinet of president Mahmoud Ahmedinejad from 2005 to 2008.[10]


Preceded by
Safdar Hosseini
Minister of Economy and Finance Affairs of Iran
2005-April 2008
Succeeded by
Hossein Samsami Mazra'e-Akhund
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