PERSIAN OIL
AMERICAN CONCESSION
ENGLISH CLAIM REJECTED.
(D.NITED PKSS ASSOCIATION.—COPTSIOBT.)
(ADSTEALUH-OTW ZEALAND CABLS ASSOCIATION.) WASHINGTON, 25th November. The terms have been published of the Act of the Persian Parliament by which a monopolistic concession to exploit oil resources will be granted to an American company. The company will probably be the Standard Oil, and the concession covers the four northern provinces of Persia, conditional on the arrangement of a loan to the Persian Government of ten million dollars from American banks.. The Persian Legation stated that the Anglo-Persian Oil Company had advanced a priority claim to these areas, but Persia was unwilling that this concern should secure complete control of the Persian oil sources. ■ The concession further provides that the American company will start working withm eight years, and the Government will ahare the profits. \
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Bibliographic details
Evening Post, Volume CVI, Issue 128, 27 November 1923, Page 7
Word Count
135PERSIAN OIL Evening Post, Volume CVI, Issue 128, 27 November 1923, Page 7
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