By: Mir M.Hosseini
For the first time in Iran, drillings reached oil in the historical city of Masjed Soleyman. At about 360 meters underground, they struck oil. The oil sprouting nearly 16 meters above the equipment signaled a new era of modern time colonization of Iran. Drillings had begun in 1903 in different areas in southern Iran. An agreement signed by Mozaffaroddin Shah in May, 1901 gave exclusive drilling rights to William Knox D'Arcy for a period of 60 years.
The Anglo-Persian Oil Company, founded in April 1909 then constructed a pipeline to a refinery in Abadan in 1911. In 1951, the oil industry was nationalized and for a short time Iranians took control of their national wealth until a coup in 1953 after which, Mohammad Reza Shah gave concessions to the English and American oil cartels.