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No doubt , the past 100 years have been tumultuous times for Iran’sOil industry , with many watershed events worth recapitulating for any a Person interested in the Middle East affairs in general & Iran in particular . As it’s challenges have closely been tied with this regions’ contemporary Geopolitics as well as social upheavals . The widespread ramifications of which have seldom ceased impacting the scene of international politics , due to the strategic importance of Oil in the global economy and the unique role of Iran in shaping Middle East developments .
Eruption of Oil from the first well drilled in Masjid-e-Soleiman in 1908,Construction of the Abadan oil refinery in 1913 , the unsuccessful revision of the D’Arcy Concession in 1933 , the victory of the oil industry nationalization movement in 1950 , the negotiation of a futile agreement with the consortium of oil companies in 1954 ,which brought the domination of foreigners over Iranian oil reservoirs – a symbolic approach to petrochemical and gas industries in 1961 , and finally , the wasteful utilization of the country’s petroleum assets , are some of the tragic events from which many worthwhile lessons may be learnt.
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