PERSIAN OIL
NO FOREIGN CONCESSIONS (Rec. 7.30 p.m.) LONDON, Oct. 21. Persia has refused to grant foreigners any ' oil concessions, and has postponed all negotiations until after the war. reports Reuter’s Teheran correspondent. The .Prime Minister, Mohammed Saed, in a statement, declared that since January representatives of the American Standard Vacuum Oil Company, the Sinclair Oil Company, and the British Shell Company, individually applied for the same concession in the South-east Persian region of Baluchistan. The question of oil concessions was one of the causes of the fall of the previous Persian Government. The new Persian Government decided to postpone the whole question. A Russian delegation then arrived in mid-September and asked about the possibility of receiving oil concessions in Northern Persia. ... The Government is now creating a special, department for the study of the natural resources of Persia and also for drafting contract terms suitable as a basis for future discussions with foreign oil companies.
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Bibliographic details
Otago Daily Times, Issue 25673, 23 October 1944, Page 6
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156PERSIAN OIL Otago Daily Times, Issue 25673, 23 October 1944, Page 6
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