history is a bitch
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Churchill turned Iran into an angry enemy & broke his bargains with them
https://en.wikipedia.org/wiki/Anglo-Persian_Oil_Company#Renegotiating_of_terms_by_Iran
https://archive.is/3lnhj
(excerpts and notes)
In 1901 William Knox D'Arcy, a millionaire London socialite, negotiated an oil concession with Mozaffar al-Din Shah Qajar of Persia. He financed this with capital he had made from his shares in the highly profitable Mount Morgan mine in Queensland, Australia. D'Arcy assumed exclusive rights to prospect for oil for 60 years in a vast tract of territory including most of Iran.
In exchange the Shah received £20,000 (£2.1 million today),[2] an equal amount in shares of D'Arcy's company, and a promise of 16% of future profits
After several years of prospecting, D'Arcy's fortune dwindled away and he was forced to sell most of his rights to a Glasgow-based syndicate, the Burmah Oil Company.
By 1908, having sunk more than £500,000 into their Persian venture and found no oil, D'Arcy and Burmah decided to abandon exploration in Iran. In early May 1908 they sent their geologist, George Bernard Reynolds, a telegram telling him that they had run out of money and ordering him to "cease work, dismiss the staff, dismantle anything worth the cost of transporting to the coast for re-shipment, and come home." Reynolds delayed following these orders and in a stroke of luck, struck oil shortly after on May 26, 1908.[5]
On 14 April 1909, Burmah Oil created the Anglo-Persian Oil Company (APOC) as a subsidiary and also sold shares to the public.[6]
Volume production of Persian oil products eventually started in 1913 from a refinery built at Abadan, for its first 50 years the largest oil refinery in the world. In 1913, shortly before World War I, APOC managers negotiated with a new customer, Winston Churchill, who was then First Lord of the Admiralty. Churchill wanted to modernize the navy, changing from coal-fired ships to oil fuel, and did not want to rely on Standard Oil or Royal Dutch Shell for fuel.
In 1923, Burmah employed Winston Churchill as a paid consultant to lobby the British government to allow APOC to have exclusive rights to Persian oil resources, which were subsequently granted.
The attempt to revise the terms of the oil concession on a more favourable basis for Iran led to protracted negotiations that took place in Tehran, Lausanne, London and Paris between Abdolhossein Teymourtash, Iran's Minister of Court 1925–32 and its nominal Minister of Foreign Affairs, and the Chairman of APOC, John Cadman, spanned 1928–32.