Iranian Oil Agreement

U.S. State Department Press Release | Oct. 1954

The Mossadegh Project | July 12, 2018                    

The Department of State Bulletin
Vol. XXXI, No. 801 • Publication 5639
November 1, 1954

Iranian Oil Agreement

Press release 610 dated October 28

The U.S. Government is happy to learn that the agreement-in-principle, signed on August 5, 1954, between the Government of Iran and an International Oil Consortium, has been ratified by the Iranian Senate [October 28] following its recent approval by the lower house.

This action by the Iranian Parliament lays the basis for the immediate resumption of Iran’s oil industry.

Under the leadership of the Shah and Prime Minister Zahedi [Fazlollah Zahedi] there is good reason to believe that Iran will be in a better position than in the recent past to make full use of its great natural resources; that, as a result of this far-reaching development, its people will enjoy a new era of economic and social progress; and that they will play an ever-increasing role in the maintenance of peace and security in the Middle East.

Divvying Up the Loot: The Iran Oil Consortium Agreement of 1954
Divvying Up the Loot: The Iran Oil Consortium Agreement of 1954


Related links:

Sec. of State Dulles Advises British on AIOC Legalities (Jan. 26, 1953)

British Press Reactions To Iran Oil Deal (May 7, 1954)

Henry S. Villard on Iran's Oil Nationalization Status (May 24, 1951)

MOSSADEGH t-shirts — “If I sit silently, I have sinned”

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