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Anglo-Iranian Oil Company (Negotiations)

Volume 531: debated on Tuesday 27 July 1954

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asked the Secretary of State for Foreign Affairs if he will make available a White Paper on the Iranian oil talks; and what relationship the Anglo-Iranian Oil Company will now bear to the consortium of eight companies formed to market Iranian oil.

Negotiations continue and it would, therefore, be inappropriate to make a White Paper available at this stage. If a settlement is reached on the lines contemplated the Anglo-Iranian Oil Company will hold 40 per cent. of the shares of the consortium.