15 November 1905
Bakhtiari Agreement Signed
The D'Arcy syndicate concludes an agreement with Bakhtiari chiefs to facilitate operations in southwestern Persia.
Historical place archive
Browse historical events and people recorded at Persia in Great Britain. The records below are rendered directly from the World History Database into this page's initial HTML.
The D'Arcy syndicate concludes an agreement with Bakhtiari chiefs to facilitate operations in southwestern Persia.
Begins planning pipelines, refining and export facilities needed to commercialize the new Persian oil discovery.
The company consolidates interests connected with the Bakhtiari Oil Company as its Persian structure expands.
Develops the long-distance pipeline system needed to carry crude oil from Masjed Soleyman to Abadan.
Persian crude production reaches roughly 23,600 barrels per day as the company's wartime output expands.
Undertakes consultations in Persia aimed at centralizing and clarifying management of Anglo-Persian's local operations.
Combined production from major Persian fields reaches roughly one hundred twenty-five thousand barrels per day.
More than twenty thousand people are employed by Anglo-Persian in Persia as production and refining expand.
Company production reaches 5,730,498 long tons despite the global petroleum market downturn.
Company output increases to 6,445,808 long tons while the concession dispute remains unresolved.
Accepts a reduced concession area of one hundred thousand square miles under the 1933 settlement.
Secures a sixty-year concession running to 1993, extending company rights well beyond the original D'Arcy term.
Agrees to sell petroleum for internal Persian consumption at specially favourable prices.
Accepts a guaranteed minimum annual payment of seven hundred fifty thousand pounds to the Persian government.
Accepts a formal arbitration procedure for future disputes between the company and the Persian government.
Agrees to make annual payments in lieu of Persian income tax under the new concession.
Company production reaches 7,087,000 tons and payments to Persia total about 1,785,000 pounds.
Provenance
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