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Iran - Nationalization of the Iranian oil industry : an outline of its origin and issues (English)

This report gives the background and details of the Iranian oil dispute and subsequent nationalization of oil resources, beginning in Section II with the D’Arcy Concession and the formation of the Anglo-Persian Oil Company. When the British government became a major shareholder there were accusations of systematic Violation of the D’Arcy Concession. In the 1920s the Armitage-Smith Agreement was reached, which was the first time royalties had been paid to the Iranian government. Section III gives the next chapter in the history, with the 1933 Agreement. The exploitation of Iranian resources under colonial policy is described in Section IV. Sections V and VI give the reasoning behind the nationalization of the oil industry, along with problems that this caused. Section VII concludes the report, followed by appendices.


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    Iran, Islamic Republic of

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    Middle East and North Africa,

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    Iran - Nationalization of the Iranian oil industry : an outline of its origin and issues

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Iran - Nationalization of the Iranian oil industry : an outline of its origin and issues (English). Washington, D.C. : World Bank Group.