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...Iran is now producing 6.1 million bbl. of oil daily and is the world's second-greatest oil-exporting nation, after Saudi Arabia. Iran's refinery at Abadan is the world's largest. More important, the Shah was one of the first oil potentates to take complete control of production and reserves: since 1954 all income from production has gone to the National Iranian Oil Co., which is completely controlled by his government...

Author: /time Magazine | Title: IRAN: Oil, Grandeur and a Challenge to the West | 11/4/1974 | See Source »

...already doing well in Iran. In the southern town of Shahpur, one of the world's largest petrochemical plants, a $240 million venture involving the government and Allied Chemical Corp. as equal partners, went into operation last week. A $33 million caustic-soda plant was opened at Abadan last year; 74% of it is controlled by the government and 26% by B.F. Goodrich Co. At Kharg Island, a $45 million sulfur plant, built by Iran and a subsidiary of Indiana Standard Oil Co., recently began operations. Reynolds Metals Co. is putting up a $45 million aluminum plant at Arak...

Author: /time Magazine | Title: Iran: A Welcome for Capitalists | 5/25/1970 | See Source »

...been part of a ring that included another three-two Moslems and a Jew-who were hanged in the port city of Basra on the same day. The charge said that they had formed a spy-and-sabotage network reporting to Israel and the "U.S. consulate at Abadan" in Iran. There is no U.S. consulate or other U.S. Government office in Abadan. Baghdad identified the ringleader as Izra Zilkha, an elderly Jew who ran a one-room kitchenware shop in Basra and, according to the court, had been recruited as a spy in 1943. It was certainly not inconceivable that...

Author: /time Magazine | Title: World: DEATH, DIPLOMACY AND DIMINISHING PEACE | 2/7/1969 | See Source »

...springing up everywhere-in Hamadan, once the capital of the Aryan Medes; in Tabriz, where Marco Polo was entertained by the mongol Khans; in Isfahan, whose fragrant splendors led the Arabs to call it "One Half of the World." The night sky flares bright in the oilfields of Abadan, where the Zoroastrians built fire temples over ducts of natural gas. A railroad is stretching out across the treacherous Dasht-i-Kavir Desert, once traversed only by spice caravans from the Orient. A giant dam now irrigates the rolling grainlands below Shush, the ancient capital of the Elamites, where Daniel...

Author: /time Magazine | Title: Iran: Revolution from the Throne | 10/6/1967 | See Source »

...virtual wasteland; the last major reclamation attempt was a system of irrigation canals dug by King Shapur II in 300 A.D. The new dam will water 360.000 acres, and provide electricity even for the province's remotest villages and five cities, including the oil-refining center of Abadan. opening the way for industrialization...

Author: /time Magazine | Title: Iran: Water & Blood | 3/22/1963 | See Source »

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