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presented a treaty, which is known as the St. Maurice
Document. Negotiations continued between the National Oil Company and representatives of the consortium in early 1973 and finally a new contract, called the "Sales and Purchase Agreement", was signed on June 31, 1973, and became law after the approval of the legislative bodies in Iran on July 31, 1973.
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In the early 1970s, Shah said if the
Consortium, refused to overhaul the terms of the 1954 Agreement, it would not be extended at the end of the twenty-five-year period by 1979. Representatives of the Consortium member companies started negotiations with Shah in the winter of 1972 in St. Maurice, and
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The dispute was finalized with the incorporation of a 25-year international Oil
Consortium Agreement of 1954, dividing the aforementioned 50% ownership to foreign companies as follows. 40% to be divided equally (8% each) among the five major American companies; British Petroleum to have a 40% share;
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According to this agreement, the implementation date of which was set for March 21, 1973 and its duration was twenty years, the
National Iranian Oil Company, in addition to the ownership of oil facilities and reserves, had full control of oil industry operations in the field of contract, including
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Basing these companies in Great
Britain was considered politically undesirable, as was the initial wish of BP to get 50%. With English companies and a large 50% stake, was thought not to be acceptable to the Iranians. Furthermore, 50% would materially give BP a majority stake because BP had strong
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faced increasing tensions with
Western nations after announcing he would not renew the consortium agreement upon its expiration and planned to nationalize Iranian oil in 1979. The Shah, speaking to 5,000 farmers and workers, accused the oil companies of mishandling operations under the 1954
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Royal Dutch/Shell to have 14%; and CFP, a French
Company, to receive 6%. A year later in 1955 US-government ordered the 5 US-companies to each transfer 1% of their 8%, to several smaller companies because these companies had complained that 'they were left out'.
64:. The British cabinet had imposed a series of economic sanctions on Iran that prohibited the export of key commodities to Iran. Britain's boycott had become devastatingly effective, with Iranians "becoming poorer and unhappier by the day".
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in 1954 expiring in 1979. In spite of numerous negotiations and offers, the Shah of Iran refused to extend the
Agreement which originally and clearly postulated that the Consortium had the right to prolong it 15 years (3 times 5 years).
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exploration, development, investment, production, refining and transportation of crude oil, gas, and petroleum products, and the
Consortium became only oil buyers and privileged customers of the National Oil Company.
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The agreement, which was heavily pressured by
President Eisenhower, gave American oil companies significant influence over how much petroleum Iran pumped and the price it could sell for. Beginning in 1973, the
134:, the oil companies, through a spokesman, argued that the Shah did not have a legal right to end their contract in 1979, because the Consortium had the right of prolonging it for 15 years.
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The Consortium was ended completely following the Iranian Revolution in 1979; with the assets of all foreign oil companies operating in Iran being seized and their employees expelled.
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to start hiring foreign experts to work with Iranians so the company could take over the consortium's duties “either immediately or from 1979.”
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223:"Iran Tells Oil Consortium Pact Will Not Be Renewed – Companies Dispute Legal Right of Shah to End Contract in 1979 Nationalized in 1951"
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of Iranian oil for which purposes two Dutch legal entities were to be created and based in The Netherlands:
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connections with the little (6%) French company CFP. Hence only 40% for the former 100% possessor.
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due to his failure to renew the consortium agreement in 1979 in what is known as the
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The agreement further stipulates that the Consortium would take care of
56:, the British and American governments began pressuring the reinstated
317:تحول صنعت نفت ايران: نگاهى از درون : مصاحبه با پرويز مينا
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into negotiations with Britain over the ownership of the
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Many Iranians accuse Western nations of supporting the
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with 40% ownership of Iranian oil production after its
52:by the United States and the United Kingdom in the
97:2) Iranian Oil Exploration and Producing Company.
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288:"The Day Iranian Oil Really Became National"
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352:This article about politics in Iran is a
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115:agreement. He said he had ordered the
48:A year after the overthrow of Premier
31:(Persian: قرارداد کنسرسیوم) provided
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320:(in Persian). بنياد مطالعات ايران،.
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314:پرويز, مينا،; Mīnā, Parvīz (1998).
356:. You can help Knowledge (XXG) by
267:"The Globalists and the Islamists"
265:Goodgame, Peter (11 August 2002).
178:"The Consortium Agreement of 1954"
25:
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144:1973 Sale and Purchase Agreement
138:1973 Sale and Purchase Agreement
94:1) Iranian Oil Refining Company
88:-(only international) marketing
18:The Consortium Agreement of 1954
229:. January 24, 1973. p. 51
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117:National Iranian Oil Company
29:Consortium Agreement of 1954
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79:-(almost) all production,
408:Foreign relations of Iran
62:Anglo-Persian Oil Company
413:Cold War history of Iran
54:1953 Iranian coup d'état
124:overthrow of the Shah
33:Western oil companies
423:Iran politics stubs
207:(2003), p. 135-136.
130:. According to the
403:Petroleum politics
251:The Fall of Heaven
205:All the Shah's Men
192:All the Shah's Men
50:Mohammad Mossadegh
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105:Aftermath
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68:Terms
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322:ISBN
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