Anglo-Iranian_Oil_Company Anglo-Iranian_Oil_Company

Anglo-Iranian Oil Company - Definition and Overview

Following the discovery of a large oil field in Masjet Soleiman, in Iran, the Anglo-Persian Oil Company (APOC) was founded in 1909. A license to search for, refine, produce, and export oil, was granted in 1913. The company changed name to the Anglo-Iranian Oil Company (AIOC) in 1935. The AIOC controlled oil in Iran before Mossadeq nationalized the industry in 1951, leading to the Abadan Crisis. Currently, this company is called BP for Beyond or British Petroleum.


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Example Usage of Anglo-Iranian
Glossology: 1932 A 60-year concession was granted to Anglo-Iranian Oil Company. Tourists, contractors, & military advisers moved to Iran. #IranElection
Glossology: 1901 AD: A Brit was given rights to oil reserves in 480,000 square miles of Iran; transferred into Anglo-Iranian Oil Company. #IranElection
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