Iran, BP and the CIA - 0 views
-
Ihering Alcoforado on 23 Jun 10Iran, BP and the CIA LAWRENCE S. WITTNER Counterpunch June 23, 2010 The offshore oil drilling catastrophe in the Gulf of Mexico brought to us by BP has overshadowed its central role over the past century in fostering some other disastrous events. BP originated in 1908 as the Anglo-Persian Oil Company-a British corporation whose name was changed to the Anglo-Iranian Oil Company two decades later. With exclusive rights to extract, refine, export, and sell Iran's rich oil resources, the company reaped enormous profits. Meanwhile, it shared only a tiny fraction of the proceeds with the Iranian government. Similarly, although the company's British personnel lived in great luxury, its Iranian laborers endured lives of squalor and privation. In 1947, as Iranian resentment grew at the giant oil company's practices, the Iranian parliament called upon the Shah, Iran's feudal potentate, to renegotiate the agreement with Anglo-Iranian. Four years later, Mohammed Mossadeq, riding a tide of nationalism, became the nation's prime minister. As an enthusiastic advocate of taking control of Iran's oil resources and using the profits from them to develop his deeply impoverished nation, Mossadeq signed legislation, passed unanimously by the country's parliament, to nationalize the Anglo-Iranian Oil Company. The British government was horrified. Eager to assist the embattled corporation, it imposed an economic embargo on Iran and required its technicians to leave the country, thus effectively blocking the Iranian government from exporting its oil. When this failed to bring the Iranians to heel, the British government sought to arrange for the overthrow of Mossadeq-first through its own efforts and, later (when Britain's diplomatic mission was expelled from Iran for its subversive activities), through the efforts of the U.S. government. But President Truman refused to commit the CIA to this venture. To the delight of Anglo-Iranian, it received