After the government canceled the D’Arcy concession in 1932, negotiations produced a new agreement with the Anglo-Persian Oil Company. The Majlis ratified it May 28; royal assent followed May 29. It changed some terms but extended the concession through 1993 and left the company operationally dominant.
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Eventonan Relashoná
What was a key result of the 1933 oil agreement?
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Splikashon
The event record explains why this distinction matters: It extended the concession while the company remained operationally dominant.