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crude oil across Iran- except
in five northern provinces. Hence, Iran became the first
country in the oil-rich Middle East region to start the
oil operations.
Iran’s oil industry is now preparing to enter the
second century of its life cycle.
Iran’s oil industry, as a technical and industrial phenomenon, opened the doors
of the modern sciences for the Iranians in the past century.
It also acted as a foundation for political, economic and social development of the country.
To examine each event, we need to take a look at what has been
going on in the country in the past century.
Some of the events which have to be carefully studied are as follows:
Production of crude oil from the first well drilled in Masjed Soleiman
field in 1908; construction of Abadan oil refinery in 1913; unsuccessful
revision of the D'Arcy concession in 1933; oil nationalization in 1950 and
finally inconclusive talks with a consortium of oil firms in 1945 which led
to domination of foreigners on Iran’s oil reservoirs and the wasteful utilization
of the country's oil resources in 1961.
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