EVENT INFORMATION

21
October
1954

The Majles approves the international oil consortium

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📅 21 October 1954 📍 Iran

The agreement restored foreign companies to Iran’s oil industry through a consortium, although formal ownership remained Iranian. Critics viewed it as a retreat from genuine national control.

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People in this event

Mohammad Reza Pahlavi

Fazlollah Zahedi

Organizations in this Event

National Iranian Oil Company

Iranian Oil Participants consortium

Majles