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Petroleum Industry In Iran
Iran is an energy superpower mostly due to the petroleum industry in Iran. In 2004, Iran produced 5.1 percent of the world's total crude oil ( per day), which generated revenues of US$25 billion to US$30 billion and was the country's primary source of foreign currency. At 2006 levels of production, oil proceeds represented about 18.7% of gross domestic product (GDP). However, the importance of the hydrocarbon sector to Iran's economy has been far greater. The oil and gas industry has been the engine of economic growth, directly affecting public development projects, the government's annual budget, and most foreign exchange sources. In FY 2009, the sector accounted for 60% of total government revenues and 80% of the total annual value of both exports and foreign currency earnings. Oil and gas revenues are affected by the value of crude oil on the international market. It has been estimated that at the Organization of the Petroleum Exporting Countries (OPEC) quota level ( ...
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Petrochemical Complexes In Asaluyeh (8)
Petrochemicals (sometimes abbreviated as petchems) are the product (chemistry), chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, Elaeis, palm fruit or sugar cane. The two most common petrochemical classes are alkene, olefins (including ethylene and propylene) and aromaticity, aromatics (including benzene, toluene and xylene isomers). Oil refinery, Oil refineries produce olefins and aromatics by fluid catalytic cracking of petroleum fractions. Chemical plants produce olefins by steam cracking of natural gas liquids like ethane and propane. Aromatics are produced by catalytic reforming of Petroleum naphtha, naphtha. Olefins and aromatics are the building-blocks for a wide range of materials such as solvents, detergents, and adhesives. Olefins are the basis for polymers and oligomers used in plastics, resins, fibers, elastomers ...
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William Knox D'Arcy
William Knox D'Arcy (11 October 18491 May 1917) was a British-Australian businessman who was one of the principal founders of the Energy in Iran, oil and petrochemical industry in Persia (Iran). The D’Arcy Concession was signed in 1901 and allowed D'Arcy to explore, obtain, and market oil, natural gas, asphalt, and ozokerite in Persia. Early life He was born in Newton Abbot, Devon, England and was the son of a solicitor. He attended Westminster School until 1866, when the family emigrated to Australia following his father's bankruptcy, settling in Rockhampton, Queensland. D'Arcy continued his studies and chose to follow law, later joining his father's business. He did well and began to speculate, initially in land. He married Elena Birkbeck of Rockhampton at St Patrick's Cathedral, Parramatta on 23 October 1872. Elena was born in Mexico in 1840, the only daughter of Damiana de Barre Valdez and Samuel Birkbeck, a mining engineer from Illinois in the United States, who was in Me ...
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New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Shah Of Iran
The monarchs of Iran ruled for over two and a half millennia, beginning as early as the 7th century BC and enduring until the 20th century AD. The earliest Iranian king is generally considered to have been either Deioces of the Median dynasty () or Cyrus the Great of the Achaemenid dynasty (550–330 BC). The last Iranian king was Mohammad Reza Pahlavi of the Pahlavi dynasty (1925–1979), which was overthrown by the Islamic Revolution. Since then, Iran has been governed as an Islamic republic#Iran, Islamic republic. In classical antiquity, Iran reached the peak of its power and prestige under the Achaemenid Empire, which stretched from Achaemenid Egypt, Egypt and parts of Southeast Europe in the west to the Achaemenid conquest of the Indus Valley, Indus Valley and parts of Central Asia in the east. By 323 BC, the Achaemenid Empire's territories had been conquered by the Macedonian Empire during the Wars of Alexander the Great, bringing Iran into the Hellenistic period, Hellenist ...
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Yom Kippur War
The Yom Kippur War, also known as the Ramadan War, the October War, the 1973 Arab–Israeli War, or the Fourth Arab–Israeli War, was fought from 6 to 25 October 1973 between Israel and a coalition of Arab world, Arab states led by Egypt and Syria. Most of the fighting occurred in the Sinai Peninsula and Golan Heights, territories Israeli-occupied territories, occupied by Israel in 1967. Some combat also took place in mainland Geography of Egypt, Egypt and Northern District (Israel), northern Israel. Egypt aimed to secure a foothold on the eastern bank of the Suez Canal and use it to negotiate the return of the Israeli occupation of the Sinai Peninsula, Sinai Peninsula. The war started on 6 October 1973, when the Arab coalition launched a surprise attack across their respective frontiers during the Jewish holy day of Yom Kippur, which coincided with the 10th day of Ramadan. The United States and Soviet Union engaged in massive resupply efforts for their allies (Israel and the A ...
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Industry Of Iran
According to a report by ''The Economist'', Iran has been ranked 39th for producing $23 billion of industrial products in 2008. From 2008 to 2009 Iran has leaped to 28th place from 69th place in annual industrial production growth rate. The government of Iran has plans for the establishment of 50–60 industrial parks by the end of the fifth Five-Year Socioeconomic Development Plan by 2015. Iranian contractors have been awarded several foreign tender contracts in different fields of construction of dams, bridges, roads, buildings, railroads, power generation, and gas, oil and petrochemical industries. As of 2011, some 66 Iranian industrial companies are carrying out projects in 27 countries. Iran has exported over $20 billion worth of technical and engineering services over 2001–2011. The availability of local raw materials, rich mineral reserves, experienced manpower have all collectively played crucial role in winning the international bids. Ministry of Indust ...
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Islamic Revolution
The Iranian Revolution (, ), also known as the 1979 Revolution, or the Islamic Revolution of 1979 (, ) was a series of events that culminated in the overthrow of the Pahlavi dynasty in 1979. The revolution led to the replacement of the Imperial State of Iran by the Islamic Republic of Iran, as the monarchical government of Mohammad Reza Pahlavi was superseded by the theocratic Ruhollah Khomeini, a religious cleric who had headed one of the rebel factions. The ousting of Pahlavi, the last Shah of Iran, formally marked the end of Iran's historical monarchy. In 1953, the CIA- and MI6-backed 1953 Iranian coup d'état overthrew Iran’s democratically elected Prime Minister, Mohammad Mossadegh, who had nationalized the country's oil industry to reclaim sovereignty from British control. The coup reinstalled Mohammad Reza Pahlavi as an absolute monarch and entrenched Iran as a client state of the U.S. and UK. Over the next 26 years, Pahlavi consolidated authoritarian rule, s ...
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1973 Sale And Purchase Agreement
The 1973 Sale and Purchase Agreement was a 20-year agreement pressured by the Shah of Iran on the oil consortium that nullified The Consortium Agreement of 1954 and provided the National Iranian Oil Company with complete control of Iranian petroleum nationalizing the nation's oil reserves. By 1975, western oil companies complained of the agreement and demanded renegotiation marking the first time in history that oil companies rather than the oil producing nations sought to negotiate an oil contract. Background The Shah had ambitions for a " Great Civilization" in which Iran would one day become the largest oil producer in the world. He used Iran's development to establish himself as a strongman across the Middle East and the Persian Gulf and create an oil oligarchy controlling the price of oil. In the 1960s, the Shah initiated the formation and organization of large oil-exporting countries which would become known as the Organization of the Petroleum Exporting Countries (OPEC). The ...
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Consortium Agreement Of 1954
The Consortium Agreement of 1954 (Persian: قرارداد کنسرسیوم) provided Western oil companies with 50% ownership of Iranian oil production after its ratification in 1954 expiring in 1979. According to the consortium agreement, 40% of Iran's oil shares belonged to 5 American companies, the other 40% belonged to Iran-UK oil companies, 14% belonged to a Dutch oil company, and the remaining 6% belonged to a French oil company. In spite of numerous negotiations and offers, Mohammad Reza Shah refused to extend the Agreement which originally and clearly postulated that the Consortium had the right to prolong it 15 years (3 times 5 years). History A year after the overthrow of Premier Mohammad Mossadegh by the United States and the United Kingdom in the 1953 Iranian coup d'état, the British and American governments began pressuring the reinstated Shah of Iran into negotiations with Britain over the ownership of the Anglo-Persian Oil Company. The British cabinet had imposed ...
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Central Intelligence Agency
The Central Intelligence Agency (CIA; ) is a civilian foreign intelligence service of the federal government of the United States tasked with advancing national security through collecting and analyzing intelligence from around the world and conducting covert operations. The agency is headquartered in the George Bush Center for Intelligence in Langley, Virginia, and is sometimes metonymously called "Langley". A major member of the United States Intelligence Community (IC), the CIA has reported to the director of national intelligence since 2004, and is focused on providing intelligence for the president and the Cabinet. The CIA is headed by a director and is divided into various directorates, including a Directorate of Analysis and Directorate of Operations. Unlike the Federal Bureau of Investigation (FBI), the CIA has no law enforcement function and focuses on intelligence gathering overseas, with only limited domestic intelligence collection. The CIA is responsibl ...
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1953 Iranian Coup D'état
The 1953 Iranian coup d'état, known in Iran as the 28 Mordad coup d'état (), was the overthrow of Prime Minister Mohammad Mosaddegh on 19 August 1953. Led by the Iranian army and supported by the United States and the United Kingdom, the coup aimed at strengthening the autocratic rule of the shah Mohammad Reza Pahlavi. A key motive was to protect British oil interests in Iran after its government refused to concede to western oil demands. It was instigated by the United States (under the name TP-AJAX Project or Operation Ajax) and the United Kingdom (under the name Operation Boot). This began a period of dissolution for Iranian democracy and society. Mosaddegh had sought to audit the documents of the Anglo-Iranian Oil Company (AIOC), a British corporation (now part of BP), to verify that AIOC was paying the contracted royalties to Iran, and to limit the company's control over Iranian oil reserves. Upon the AIOC's refusal to cooperate with the Iranian government, the parl ...
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National Iranian Oil Company
The National Iranian Oil Company (NIOC; ) is a government-owned national oil and natural gas producer and distributor under the direction of the Ministry of Petroleum of Iran. NIOC was established in 1951 and restructured under The Consortium Agreement of 1954.Iran's foreign trade report
Iran Trade
NIOC ranks as the world's second largest oil company, after 's state-owned Aramco. The NIOC is exclusively responsible for the exploration, dril ...
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