Nationalization of Oil

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ID:5637 Section: Event

Updated: Thursday 29th November 2007

Nationalization of Oil Definition

Referred to as Mosaddeq's successful nationalization of the British-owned Anglo-Iranian Oil Company.* 1953 Iranian Prime Minister Mohammed Mossadegh nationalized the Anglo-Persian Oil Company in Iran.* Since the 1979 Iranian Revolution, 80% of firms based in Iran have been nationalized, and so far only 15% of the 80% of all companies have been privatized, the rest are still nationalized.

Tags:Anglo-Iranian, Anglo-Iranian Oil Company, Anglo-Persian, Anglo-Persian Oil Company, British, Iran, Iranian, Iranian Revolution, Nationalization of Oil, Persian, Prime Minister, Revolution

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