PERSIAN OIL: A MAGNET in the MIDDLE EAST
... n his article on Persia the Cockpit of Europe. in The Sphere of April 6, Charles Graves emphasised the vital importance of Persia's oil pro duction and its inevitable attraction for the larger world Powers. The principal oil con cession was originally granted in 1901 to the Anglo-Iranian Oil Company, a United King dom concern with an authorised capital of £33,000,000. The Company s property, ...