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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
In Tehran, Premier Qavam disclosed details of a Soviet-Iranian oil agreement where Russia holds 51% stock majority for the first 25 years of a 50-year term, to be approved by Iranian parliament. He invited Azerbaijan province representatives for negotiations amid their semi-autonomous defiance.
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Majority
Stockholder In
Iran Oil Pact
TEHRAN. Apr 8. (AP)-Russia will be the majority stockholder of the proposed Iranian oil company for the first twenty-five years of its fifty year term under the agreement to be presented to the Iranian parliament for approval.
Disclosing additional details of the agreement announced by the Soviet Iranian communique Friday. Premier Qavam told Iranian newsmen that Russia would control fifty-one percent and Iran forty-nine percent of the stock for the first twenty-five years.
The Premier revealed he invited the "people of Azerbaijan" province where a semi-autonomous government has been established in defiance of the Iranian government to send representatives here for the negotiations.
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Where did it happen?
Foreign News Details
Primary Location
Tehran
Event Date
Apr 8
Key Persons
Outcome
russia will control fifty-one percent and iran forty-nine percent of the stock for the first twenty-five years of the fifty year term
Event Details
Russia will be the majority stockholder of the proposed Iranian oil company for the first twenty-five years of its fifty year term under the agreement to be presented to the Iranian parliament for approval. Disclosing additional details of the agreement announced by the Soviet Iranian communique Friday. Premier Qavam told Iranian newsmen that Russia would control fifty-one percent and Iran forty-nine percent of the stock for the first twenty-five years. The Premier revealed he invited the "people of Azerbaijan" province where a semi-autonomous government has been established in defiance of the Iranian government to send representatives here for the negotiations.