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1973 Sale And Purchase Agreement
The 1973 Sale and Purchase Agreement was a 20-year agreement pressured by the Shah of Iran on the oil consortium that nullified The Consortium Agreement of 1954 and provided the National Iranian Oil Company with complete control of Iranian petroleum nationalizing the nation’s oil reserves. By 1975, western oil companies complained of the agreement and demanded renegotiation marking the first time in history that oil companies rather than the oil producing nations sought to negotiate an oil contract. Background The Shah had ambitions for a "great Persian civilization" in which Iran would one day become the largest oil producer in the world. He used Iran's development to establish himself as a strongman across the Middle East and the Persian Gulf and create an oil oligarchy controlling the price of oil. In the 1960s, the Shah initiated the formation and organization of large oil-exporting countries which would become known as the Organization of the Petroleum Exporting Countries (O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shah Of Iran
This is a list of monarchs of Persia (or monarchs of the Iranic peoples, in present-day Iran), which are known by the royal title Shah or Shahanshah. This list starts from the establishment of the Medes around 671 BCE until the deposition of the Pahlavi dynasty in 1979 CE. Median Dynasty (671–549 BC) Teispid kingdom (705–559 BC) Achaemenid Empire (559–334/327 BC) ''Note: Ancient Persia is generally agreed to have ended with the collapse of the Achaemenid dynasty as a result of the Wars of Alexander the Great.'' Macedonian Empire (336–306 BC) Seleucid Empire (311–129 BC) Fratarakas The Fratarakas appear to have been Governors of the Seleucid Empire. Kings of Persis Parthian Empire (247 BC – 228 AD) The Seleucid dynasty gradually lost control of Persia. In 253, the Arsacid dynasty established itself in Parthia. The Parthians gradually expanded their control, until by the mid-2nd century BC, the Seleucids had completely lost control of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Consortium Agreement Of 1954
The Consortium Agreement of 1954 provided Western oil companies with 50% ownership of Iranian oil production after its ratification in 1954 expiring in 1979. In spite of numerous negotiations and offers, the Shah of Iran refused to extend the Agreement which originally and clearly postulated that the Consortium had the right to prolong it 15 years (3 times 5 years). A year after the overthrow of Premier Mohammad Mossadegh by the United States and the United Kingdom in the 1953 Iranian coup d'état, the British and American governments began pressuring the reinstated Shah of Iran into negotiations with Britain over the ownership of the Anglo-Persian Oil Company. The British cabinet had imposed a series of economic sanctions on Iran that prohibited the export of key commodities to Iran. Britain's boycott had become devastatingly effective, with Iranians "becoming poorer and unhappier by the day". The dispute was finalized with the incorporation of a 25-year international Oil Consor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Iranian Oil Company
The National Iranian Oil Company (NIOC; fa, شرکت ملّی نفت ایران, Sherkat-e Melli-ye Naft-e Īrān) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1948 and restructured under The Consortium Agreement of 1954.Iran's foreign trade report Iran Trade NIOC ranks as the world's second largest , after 's state-owned |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Politics
Petroleum politics have been an increasingly important aspect of diplomacy since the rise of the petroleum industry in the Middle East in the early 20th century. As competition continues for a vital resource, the strategic calculations of major and minor countries alike place prominent emphasis on the pumping, refining, transport, sale and use of petroleum products. Quota agreements The Achnacarry Agreement or "As-Is Agreement" was an early attempt to restrict petroleum production, signed in Scotland on 17 September 1928. The discovery of the East Texas Oil Field in the 1930s led to a boom in production that caused prices to fall, leading the Railroad Commission of Texas to control production. The Commission retained ''de facto'' control of the market until the rise of OPEC in the 1970s. The Anglo-American Petroleum Agreement of 1944 tried to extend these restrictions internationally but was opposed by the industry in the United States and so Franklin Roosevelt withdrew from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaties Of Iran
A treaty is a formal, legally binding written agreement between actors in international law. It is usually made by and between sovereign states, but can include international organizations, individuals, business entities, and other legal persons. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms. However, only documents that are legally binding on the parties are considered treaties under international law. Treaties vary on the basis of obligations (the extent to which states are bound to the rules), precision (the extent to which the rules are unambiguous), and delegation (the extent to which third parties have authority to interpret, apply and make rules). Treaties are among the earliest manifestations of international relations, with the first known example being a border agreement between the Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cold War History Of Iran
Cold is the presence of low temperature, especially in the atmosphere. In common usage, cold is often a subjective perception. A lower bound to temperature is absolute zero, defined as 0.00K on the Kelvin scale, an absolute thermodynamic temperature scale. This corresponds to on the Celsius scale, on the Fahrenheit scale, and on the Rankine scale. Since temperature relates to the thermal energy held by an object or a sample of matter, which is the kinetic energy of the random motion of the particle constituents of matter, an object will have less thermal energy when it is colder and more when it is hotter. If it were possible to cool a system to absolute zero, all motion of the particles in a sample of matter would cease and they would be at complete rest in the classical sense. The object could be described as having zero thermal energy. Microscopically in the description of quantum mechanics, however, matter still has zero-point energy even at absolute zero, because ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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