Word: anglo-iranian
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Power Vacuum. In Washington, the State Department was remarkably calm about Iran's nationalization of the Anglo-Iranian Oil Co. (TIME, May 7) and the wave of anti-Western feeling. State chose to find cheer last week in these facts...
...Premier Mohamed Mossadeq, anti-British and anti-U.S., is also antiCommunist; 3) the British were making vague conciliatory noises-although it clearly seemed too late for conciliation. Said a State Department spokesman: "The only thing that has been lost in this situation as yet is profit to the Anglo-Iranian...
...last hope of compromise in Iran seemed gone. Backed by the young Shah, astute Premier Hussein Ala had tried to slow down the headlong drive of Iran's National Frontists for expropriation and nationalization of the Anglo-Iranian Oil Co., had apparently won the extremists over to a go-slow policy. But last week the Front brushed Ala aside, made nationalization an accomplished fact...
...port of Bandar Mashur, troops shot down one woman in a mob of strikers. At Abadan nine strikers were killed. With clubs, rocks and fists, the mob battered to death three British employees of the Anglo-Iranian Oil Co., mauled six others. Strikers there all but shut down the world's largest oil refinery...
Iraq Petroleum Co., which produced 136,000 barrels of oil daily in 1950 (1.3% of total world output), mostly for the European market, is owned jointly by Anglo-Iranian (British), Compagnie Française des Petroles (French), Royal Dutch-Shell (Dutch-British), and the Near East Development Corp. (Socony-Vacuum, Standard Oil Co., N.J.), each with 23.75% of the shares. The remaining 5% is owned by shrewd old Manipulator Calouste Sarkis Gulbenkian (TIME...