EVENT INFORMATION

28
May
1901

D’Arcy oil concession grants extensive rights to a foreign investor

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📅 28 May 1901 📍 Iran

Mozaffar al-Din Shah’s government granted British subject William Knox D’Arcy a 60-year oil concession covering most of Iran except five northern provinces. It gave a private concessionaire broad exploration and extraction rights while Iran remained formally sovereign. Unequal bargaining power and revenue later became central political issues.

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People in this event

Mozaffar al-Din Shah

William Knox D’Arcy

Organizations in this Event

Qajar Iran

D’Arcy concession