Word: anglo-iranian
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...directors of Anglo-Iranian Oil Co., Ltd. meet in the cream-walled board room of London's Britannic House. They sit around an oval mahogany table beneath a huge, hanging globe of the world which helps them follow Anglo-Iranian's worldwide operations. This week, they were there for the company's 40th annual meeting. With a Scottish twinkle, gaunt, grey Sir William Eraser, for eight years Anglo-Iranian's chairman and operating head, imparted the good news: Anglo-Iranian had turned in 1948 earnings of ?50.7 million ($204.3 million) before taxes, the biggest...
Bloody Focus. Anglo-Iranian, which runs its affairs in the old-fashioned capitalist way (for all that the government owns 52.55% of its stock), stands out like a healthy thumb of prosperity amid Britain's near-bankruptcy. The company has, in fact, never ceased to prosper since the day in 1909 when it acquired the rich Persian oil concession that William Knox D'Arcy, a wandering Englishman, had bagged for a mere...
...Gulbenkian wangled an oil concession for all of Iraq for the British, German and Dutch interests which formed the Turkish Petroleum Co., now Iraq Petroleum. They rewarded Gulbenkian with his 5% interest. In 1928, when Standard and Socony were admitted, all the partners-including the French, Royal Dutch-Shell, Anglo-Iranian and Gulbenkian-signed the "Red Line" agreement to share & share alike in any new exploitation of ex-Ottoman Empire territory. Later, he fell out with Deterding. Reportedly, Gulbenkian trimmed him so much in bear raids on Shell stock that the British government finally stepped in to stop...
...Iraq, the concessions are held by the Iraq Petroleum Co., which is owned by Anglo-Iranian Oil (23¾%); the British-controlled Royal Dutch-Shell (23¾%); Jersey Standard and Socony-Vacuum, through their jointly owned Near East Development Corp. (23¾%); the French Government through its Compagnie Française des Petroles (23¾%). The only individual is a mysterious Armenian financier, Calouste S. Gulbenkian, whose 5% gives him a distant claim to the title of the "world's richest...
...mollify Anglo-Iranian, concerned about selling its own production in Iran, Jersey Standard planned to buy substantial quantities of oil over the next 20 years. To transport it, Anglo-Iranian will build a pipeline from Abadan on the Persian Gulf to the Mediterranean-with Standard footing about $30,000,000 of the bill...