
The Abadan Crisis occurred from 1951 to 1954, after Iran nationalized the Anglo-Iranian Oil Company, and expelled Western companies from oil refineries in the city of Abadan. Britain was brought close to outright war with Iran, who retained an ally in the United States, hoping Iran would continue as a bulwark against communism. President Eisenhower reversed this stance in 1953. As a result of the crisis, Prime Minister of Iran, Mohammed Mossadegh, was ousted from power. During the coup, codenamed Operation Ajax, the CIA and the MI6, placed Mohammad Reza Shah Pahlavi in control of the country. In August, 1954, the company was set under the control of an international consortium. Initially, ownership shares in the Consortium proposed to be divided along the following lines: 40% to be divided equally (8% each) among the five major American companies; BP to have a 40% share; Royal Dutch/Shell to have 14%; and Compagnie Française des Pétroles, a French Company, to receive 6%. But American independent oil companies had been interested in beginning operations in Iran for some time and had only doing so while the Iranian/Anglo-Iranian Oil Company dispute continued. When it became known that independent companies were to be excluded from the consortium, these companies manifested their anger. In response to these complaints, Hoover persuaded the majors to relinquish 5% (or 1% each) of their shares in the consortium to be made available to American independent companies. Iranian history
Ummmm. I don't know if anyone reads this article or not, but that last statement is completely untrue. The foreign consortium that operated the oil facilities and refineries in Iran recieved no part of the profit. They existed entirely as an operational company. Iran recieved all of the profits. The statement; ''"In August, 1954, the company was placed under control of an international consortium, splitting the profits from oil between the U.S., Britain, France, and The Netherlands. Iran was to receive no profit from oil for 25 years."'' I agree that it's incorrect and I'm changing it to; ''"In August, 1954, the company was set under the control of an international consortium. Initially, ownership shares in the Consortium proposed to be divided along the following lines: 40% to be divided equally (8% each) among the five major American companies; British Petroleum to have a 40% share; Shell to have 14%; and CFP, the French Company, to receive 6%. But American independent oil companies had been interested in beginning operations in Iran for some time and had only doing so while the Iranian/AIOC dispute continued. When it became known that independent companies were to be excluded from the consortium, these companies manifested their anger. In response to these complaints, Hoover persuaded the majors to relinquish 5% (or 1% each) of their shares in the consortium to be made available to American independent companies."''
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Words begining with Abadan_Crisis:
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Abadan Crisis
The Abadan Crisis occurred from 1951 to 1954, after Iran nationalized the Anglo-Iranian Oil Company, and expelled Western companies from oil refineries in the city of Abadan. Britain was brought close to outright war with Iran, who retained an ally in the United States, hoping Iran would continue as a bulwark against communism. President Eisenhower reversed this stance in 1953. As a result of the crisis, Prime Minister of Iran, Mohammed Mossadegh, was ousted from power. During the coup, codenamed Operation Ajax, the CIA and the MI6, placed Mohammad Reza Shah Pahlavi in control of the country. In August, 1954, the company was set under the control of an international consortium. Initially, ownership shares in the Consortium proposed to be divided along the following lines: 40% to be divided equally (8% each) among the five major American companies; BP to have a 40% share; Royal Dutch/Shell to have 14%; and Compagnie Française des Pétroles, a French Company, to receive 6%. But American independent oil companies had been interested in beginning operations in Iran for some time and had only doing so while the Iranian/Anglo-Iranian Oil Company dispute continued. When it became known that independent companies were to be excluded from the consortium, these companies manifested their anger. In response to these complaints, Hoover persuaded the majors to relinquish 5% (or 1% each) of their shares in the consortium to be made available to American independent companies. Iranian history
Abadan Crisis
Ummmm. I don't know if anyone reads this article or not, but that last statement is completely untrue. The foreign consortium that operated the oil facilities and refineries in Iran recieved no part of the profit. They existed entirely as an operational company. Iran recieved all of the profits. The statement; ''"In August, 1954, the company was placed under control of an international consortium, splitting the profits from oil between the U.S., Britain, France, and The Netherlands. Iran was to receive no profit from oil for 25 years."'' I agree that it's incorrect and I'm changing it to; ''"In August, 1954, the company was set under the control of an international consortium. Initially, ownership shares in the Consortium proposed to be divided along the following lines: 40% to be divided equally (8% each) among the five major American companies; British Petroleum to have a 40% share; Shell to have 14%; and CFP, the French Company, to receive 6%. But American independent oil companies had been interested in beginning operations in Iran for some time and had only doing so while the Iranian/AIOC dispute continued. When it became known that independent companies were to be excluded from the consortium, these companies manifested their anger. In response to these complaints, Hoover persuaded the majors to relinquish 5% (or 1% each) of their shares in the consortium to be made available to American independent companies."''
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AB | AC | AD | AE | AF | AG | AH | AI | AJ | AK | AL | AM | AN | AO | AP | AR | AS | AT | AU | AW | AX | AY | AZ |Words begining with Abadan_Crisis:
Abadan_Crisis
Abadan_Crisis
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