Word: anglo-iranian
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...National Front, the most vocal political force opposing the Shah. A professor of law at Tehran University and an expert on constitutional government, Sanjabi looks more like an elderly businessman than an opposition political figure. He was once a disciple of Mohammed Mossadegh, the "fainting fanatic" who nationalized the Anglo-Iranian Oil Co.; he served in Mossadegh's Cabinet before the Premier was overthrown by the Iranian army (with CIA help...
Short-Handed. A possible middle course would allow the government to own all the oil equipment and hire Western companies to operate it, an arrangement worked out between Iran and its foreign oil firms after the Anglo-Iranian Oil Co. was nationalized. One U.S. oilman terms such deals, which would allow U.S. companies to continue turning a profit in the Middle East, "the wave of the future," and Gaddafi probably will want foreign oil workers to remain on his soil, since Libya is short of native technical and managerial talent...
...interests of oil before. As long ago as 1893, Grover Cleveland intervened in Brazil at the insistence of Standard Oil. In Iran, in 1953 (when "guess-who" was Vice President), the CIA engineered a coup against the popularly-supported government of Mossadegh, after that nationalist leader began nationalizing Anglo-Iranian Oil, the largest Western firm in that country. The CIA restored the present Shah to the throne, and a year later an Oil Consortium was created through negotiations between the Shah and American companies (the British and Dutch were effectively excluded from those negotiations). The result was that British...
...compensate for anticipated worldwide inflation. All in all, the oil companies will pay $1.2 billion more in royalties and taxes this year, a 25% increase in income for the producing nations. Iran's 1971 oil revenues of $1.8 billion will amount to five times what Anglo-Iranian Oil Co. paid the country between 1910 and 1951, when the company was nationalized. Last week's agreement is expected to bring the gulf countries an extra $10 billion in oil income over the next five years...
Huston, of course, is a show in himself, as always. He wears black leather suits, white hunter's outfits and long striped muu muus. He has a tawny Anglo-Iranian girl named Zoë: with him. He has also made the happy discovery of raicilla, a 180-proof distillate of the maguey plant that is far more potent than tequila. "If you drink it straight down, you can feel it going into each individual intestine," says Burton...