1 In 1933, the Agreement between the Imperial Government of Persia and the Anglo-Persian Oil Company Limited (‘1933 Agreement’) was concluded, which defined the terms and duration of certain oil concessions in Iran. This agreement was later ratified by the Iranian Majlis, the Iranian Parliament. In 1951, the Iranian Majlis and Senate passed the nationalization law related to the oil industry, which extended to the Anglo-Iranian Oil Company (‘Oil Company’) (Concessions; Property, Right to, International Protection; Expropriation and Nationalization). The United...
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