Oil Nationalization

October 30, 1951

Report Outline
Iran, Petroleum, and the Great Powers
Private Control of Foreign Oil Resources
Spread of Movement to Nationalize Oil
Special Focus

Iran, Petroleum, and the Great Powers

New Efforts to Achieve Settlement of Oil Dispute

Failure of the Security Council of the United Nations to take action in the controversy between Great Britain and Iran over nationalization of the Iranian oil industry appeared to leave that Middle Eastern conflict as far from settlement as ever. The Council simply postponed debate on the question, Oct. 19, until the International Court of Justice has ruled on its own competence to act in the case. But Iran's continuing refusal to concede that either the Court or the Council has jurisdiction interposes a block to solution through the international organs to which Britain appealed.

However, the United States, which made an attempt at mediation last summer, has not given up hope of bringing about resumption of direct negotiations between the parties to the dispute. When Premier Mossadegh came to Washington on Oct. 23, he participated in a long luncheon conference at Blair House with President Truman, Secretary of State Acheson, Secretary of Defense Lovett, and other American officials. A State Department spokesman said afterward: “We are trying to get negotiations resumed. We are exploring every avenue and leaving no stone unturned.”

At succeeding Washington conferences, United States and Iranian officials were believed to be examining the possibility of setting up a new international company operating under arrangements with the Iranian government, or an Iranian company under the chairmanship of a non-British foreign oil man, to take over production and refining in Iran. The plan would call also for creation of a new marketing organization to act abroad in behalf of the dispossessed Anglo-Iranian Oil Co., which might continue to operate its extensive transport and sales facilities for distribution of Iranian oil.

ISSUE TRACKER for Related Reports
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Jun. 22, 2012  U.S. Oil Dependence
Nov. 01, 2011  Future of the Gulf States
Jan. 04, 2008  Oil Jitters Updated
Jul. 2007  Energy Nationalism
Sep. 30, 2005  Domestic Energy Development
Jan. 24, 2003  Oil Diplomacy
Aug. 07, 1998  Oil Production in the 21st Century
Aug. 23, 1991  Oil Imports
Oct. 30, 1987  Persian Gulf Oil
Apr. 04, 1986  Oil Prices
Dec. 23, 1983  Quest for Energy Independence
Sep. 23, 1983  OPEC: 10 Years After the Arab Oil Boycott
May 29, 1981  Western Oil Boom
Aug. 25, 1978  Oil Imports
Feb. 10, 1978  Oil Antitrust Action
Dec. 17, 1976  Alaskan Development
May 17, 1974  Arab Oil Money
Mar. 15, 1974  Oil Taxation
Jul. 18, 1973  Offshore Oil Search
Mar. 28, 1973  Persian Gulf Oil
Nov. 01, 1972  Gasoline Prices
Oct. 14, 1970  Fuel Shortages
Nov. 12, 1969  Alaskan Oil Boom
Dec. 11, 1968  Oil Shale Development
Oct. 26, 1960  World Oil Glut
Sep. 10, 1958  Middle East Oil
Oct. 30, 1951  Oil Nationalization
Aug. 11, 1950  Oil Imports
Apr. 23, 1947  Oil of the Middle East
Jan. 22, 1946  Offshore Oil
Mar. 09, 1944  Oil Supply
Dec. 24, 1935  Oil in World Politics
May 07, 1931  Control of Production in the Oil Industry
Mar. 27, 1929  The Oil Leasing Policy of the New Administration
Jun. 08, 1927  Oil Conservation and Stabilization
Feb. 08, 1926  The Mexican Land and Petroleum Laws
Apr. 18, 1925  The Price of Gasoline
Feb. 11, 1924  Background of the Oil Lease Cases
Sep. 01, 1923  Gasoline
BROWSE RELATED TOPICS:
Bilateral and Regional Trade
Oil and Natural Gas
Regional Political Affairs: Middle East and South Asia