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Sunday, February 17, 2013

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Brief History of Iran Oil Nationalization




Preface
How was the first oil field in the Middle East region discovered?
Anglo–Iranian Oil Company (AIOC)
Export Operations in Iran Refinery
Disputes
Reza Khan and the oil issue
Cancellation of D’Arcy Concession and the Signing of the New Agreement
The Second World and Oil
Dr. Mohammad Mosaddegh and the Anti-Concession Law
Oil Nationalization
The Oil Nationalization Bill and the Government of Dr. Mohammad Mosaddegh
Unsuccessful Attempts at solving the oil issue
The Uprising of July 21st 1952
The Coup of August 19th 1953
The Consortium Agreement of 1954
Oil Bill and Company Agreements
Contracts of Service Contracts
Islamic Revolution of 1979 and Termination of the Contracts
Oil Industry after the Victory of the Islamic Revolution
Reconstruction and Development


Preface

Drilling job started in Iran in 1901 following the concession granted to William Knox D'arcy by Mozaffarol din- Shah of Qajar for production of crude oil across Iran- except in five northern provinces. Hence, Iran became the first country in the oil-rich Middle East region to start the oil operations.
crude oil across Iran- except in five northern provinces. Hence, Iran became the first country in the oil-rich Middle East region to start the oil operations.
Iran’s oil industry is now preparing to enter the second century of its life cycle.
Iran’s oil industry, as a technical and industrial phenomenon, opened the doors of the modern sciences for the Iranians in the past century. It also acted as a foundation for political, economic and social development of the country.
To examine each event, we need to take a look at what has been going on in the country in the past century.
Some of the events which have to be carefully studied are as follows:
Production of crude oil from the first well drilled in Masjed Soleiman field in 1908; construction of Abadan oil refinery in 1913; unsuccessful revision of the D'Arcy concession in 1933; oil nationalization in 1950 and finally inconclusive talks with a consortium of oil firms in 1945 which led to domination of foreigners on Iran’s oil reservoirs and the wasteful utilization of the country's oil resources in 1961.




 
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