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 Nationalization of Oil Industry Holiday Resource
About Nationalization of Oil Industry
The nationalization of oil by Dr. Mossadegh was a great achievement of Iran for independence. Iranian President Mohammad Mosaddeq moves to nationalize the Anglo-Iranian Oil Company in order to ensure that more oil profits remain in Iran. In 1949 the Majlis approved the First Development Plan, which called for comprehensive agricultural and industrial development of the country. The oil issue figured prominently in elections for the Majlis in 1949, and nationalists in the new Majlis were determined to renegotiate the AIOC agreement. Razmara advised against nationalization on technical grounds and was assassinated in March 1951 by Khalil Tahmasebi, a member of the militant Fadayan-e Islam. On March 15, the Majlis voted to nationalize the oil industry. Nationalization of Oil Industry day is celebrated on March 19th of every year in Iran.
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