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The exploration in Iran was led by George Reynolds. The discovery of oil on May 26, 1908 [13] led to the formation in 1909 of the London-based Anglo-Persian Oil Company (APOC). By purchasing a majority of the company's shares in 1914, the British government gained direct control of the Iranian oil industry, which it would not relinquish for 37 ...
The competition to gain more control of the Iranian oil industry increased during World War II when the United Kingdom, the Soviet Union and the United States all became involved in Iranian affairs. When faced with demands from the oil companies of these three countries, the Iranian government announced that the issue would be decided after the ...
Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom. The oil was produced by what became the Anglo-Iranian Oil Company, but political difficulties arose with the Iranian government in the postwar period. [12]
It was the first oil field discovered in the Middle East. The field is a mature super-giant, which produces primarily from the prolific Oligocene Asmari horizons, a formation which underpins Iranian crude oil production. The National Iranian South Oil Company operates the field, as well as a number of other fields in the surrounding regions. [3]
George Bernard Reynolds (5 April 1853 - 23 February 1925) [1] was a British geologist and oil industry executive who played a significant role in the development of Iran's oil industry in 1908 as well as Venezuela in 1922. [1]
The Abadan Crisis was a major event in the history and development of modern Iran. The crisis began in 1951 after the Iranian government, under the democratically elected Prime Minister, Mohammad Mosaddegh nationalized the British owned Anglo-Persian Oil Company, including the Abadan Refinery.
Operation Pluto (Pipeline Under the Ocean or Pipeline Underwater Transportation of Oil, also written Operation PLUTO) was an operation by British engineers, oil companies and the British Armed Forces to build oil pipelines under the English Channel to support Operation Overlord, the Allied invasion of Normandy during the Second World War.
Such thinking would continue in later conflicts of the twentieth century, including World War II, during which oil facilities were a major strategic asset and were extensively bombed. [42] In 1938, vast reserves of oil were discovered in the al-Ahsa region in the Eastern Part of the Kingdom of Saudi Arabia along the coast of the Arabian Gulf.