Word: anglo-iranian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...played a major role (with Herbert Hoover Jr.) in settling the Anglo-Iranian oil dispute. His D.S.A. citation acknowledges that Henderson is one of the free world's ablest diplomats and most courageous Cold Warriors...
After a summer of doldrums and defeats-Geneva, Indo-China, the death of EDC-the democracies had suddenly rallied and rolled out some new and hand some diplomatic field-pieces: the all but completed Anglo-Egyptian settlement over Suez, the Anglo-Iranian oil agreement, the harmonious partition of Trieste and, above all, the potentially history-changing Act of London. With this quick parade of successes, the Atlantic alliance seemed to recover the ground, and the spirit, that were lost with EDC. Europe, with the potent help of the U.S., had produced a new plan to rearm the West Germans...
...started his country on the road to economic and political ruin. Undoing the mischief and getting the disputants back together took skilled diplomacy. Iran's young Shah and his strongman Premier, General Fazlollah Zahedi, had to operate in an ugly, xenophobic climate created by demagogues and Communists. Anglo-Iranian Oil Co. (owned 53% by the British government) was unwilling to assent to any agreement that seemed to reward illegal seizure, for fear of the effect it would have on other Middle East rulers...
Hoover Jr., found a happy solution. Last week's pact in effect recognizes the transfer of full title of the British-built billiondollar industry to the Iranian government, at a cost to Iran that is a fraction of its real value. This should mollify Iranian nationalists. For giant Abadan, the world's largest refinery, and its huge network of affiliated production facilities, the Iranians will pay Anglo-Iranian a mere $70 million in compensation...
Britain's Reward. But in fact, Britain will get a lavish return for its lost oil investment. The real compensation to Anglo-Iranian will be borne by the other seven oil firms joining the consortium. For the privilege of a share in exploitation of Iranian oil, the seven (including America's Jersey Standard, Gulf, Texas, Socony Vacuum and Standard of California) will pay Anglo-Iranian about $600 million. In addition to this compensation, Anglo-Iranian, with a 40% interest in the new consortium, will still be the dominant oil operator in Iran. So Anglo-Iranian has cause...