EVENT INFORMATION

30
October
1954

An oil consortium agreement reshapes control after nationalization

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๐Ÿ“… 30 October 1954 ๐Ÿ“ Iran

Iran retained formal legal title to oil properties, while an international consortium received long-term operating and exploitation rights over much of the industry. The agreement followed the 1953 coup and constrained how far nationalization translated into operational control. The distribution of profit, management power, and sovereignty remained unequal.

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People in this event

Iranian government negotiators

consortium representatives

Organizations in this Event

Iran

International Oil Consortium

Anglo-Iranian Oil Company