ARABIAN OIL CONCESSION
FRENCH PROTEST TO U.S. AND BRITAIN ALLEGED BREACH . OF AGREEMENT (N.Z. Press Association—Copyright) (Rec. 7 p.m.) PARIS, January 9. France has protested to the United States and Britain that American companies, by unilaterally securing a new oil concession in Saudi Arabia, have broken the terms of an agreement made in 1928, when the Iraq Petroleum Company was formed. A French Foreign Office spokesman said that this agreement laid down that the groups in the Iraq company would not negotiate new concessions without sharing the concessions with the other groups; The American companies had stated that they no longer recognised the agreement on the ground that the British during the war listed as an enemy trading enterprise the French members of the Iraq Petroleum Company. The French spokesman said that British interests were equally at stake, but the British had been given compensation advantages by the December agreement between the Anglo-Iranian Company and Standard Oil. France intended to press for observance of the 1928 agreement.
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Press, Volume LXXXIII, Issue 25080, 11 January 1947, Page 7
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167ARABIAN OIL CONCESSION Press, Volume LXXXIII, Issue 25080, 11 January 1947, Page 7
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