Election campaigns of the 16th Majlis , the assassination attempt against the Shah on February 1949 , Ayatollah Kashani’s exile , assassination of Hazhir by FFadaiian-e-Islam on 4th November 1950 , the National front’s success in Tehran , and the return from exile of Ayatollah Kashani , were but some major events that further heightened discussions on the oil issue .The “ Gass-Golshayan “ agreement as the outcome of the Iranian government and company negotiations , was taken to the 15th ,Majlis on its final days . Thus the 16th Majlis had to take up relevant discussions. The Agreement would increase royalty earnings of the government , but would not serve the main purpose or the rights of the Iranian people . This came at a time when agreements such as the 50:50 profit sharing had become the norm of the day in Venezuela . American companies having the oil concession in Saudi Arabia had accepted the same principle , which was Officially declared on 30th December 1950 .The cabinet of Razmara withdrew the oil bill from the Majlis , but found no opportunity to continue talks with the company .
Khalil Tahmassbi fired his pistol on 10th March 1950 and killed Razmara ,Making a new chapter in the history of Iranian oil .While the body of Razmara was being taken to his grave , the Majlis committee , headed by Dr. Mossadegh , ratified the oil nationalization bill , and its report was affirmed by the legislative body on 20th March 1950.