the oil industry began in the south at spindletop near beaumont in 1901.
the oil industry began in the south at spindletop near beaumont in 1901.
where did the oil industry began in the south in 1901?
spindletop near beaumont
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the history of iran's oil industry began in 1901, when british speculator william d'arcy received a concession from iran to explore and develop southern iran's oil resources. the discovery of oil in 1908 led to the formation in 1909 of the london-based anglo-persian oil company (apoc). by purchasing a majority of the company's shares in 1914, the british government gained direct control of the iranian oil industry, which it would not relinquish for 37 years. after 1935 the apoc was called the anglo-iranian oil company (aioc). a 60-year agreement signed in 1933 established a flat payment to iran of four british pounds for every ton of crude oil exported and denied iran any right to control oil exports.
petroleum industry in iran