The Anglo-Persian Oil Company (APOC) was a British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Iran. The British government purchased 51% of the company in 1914, gaining a controlling number of shares, effectively nationalizing the company. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the "Anglo-Iranian Oil Company" (AIOC) when Reza Shah Pahlavi formally asked foreign countries to refer to Persia by its endonym Iran.
In 1954, it was renamed again to the "British Petroleum Company", one of the antecedents of the modern BP public limited company. The government of Mohammad Mosaddegh nationalized the company's local infrastructure assets and gave the new company the name National Iranian Oil Company
Masjed Soleyman (Persian: مسجدسلیمان, also Romanized as Masjedsoleimān, Masjed-e Soleymān, Masjed Soleiman, and Masjid-i-Sulaiman) is a city and capital of Masjed Soleyman County, Khuzestan Province, Iran. At the 2006 census, its population was 206,121, in 51,530 families.
1908May, 26
At Masjed Soleyman in southwest Persia, the first major commercial oil strike in the Middle East is made. The rights to the resource are quickly acquired by the Anglo-Persian Oil Company.
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Events on 1908
- 30Jan
Jan C. Smuts
Indian pacifist and leader Mohandas Karamchand Gandhi is released from prison by Jan C. Smuts after being tried and sentenced to two months in jail earlier in the month. - 17Sep
Orville Wright
The Wright Flyer flown by Orville Wright, with Lieutenant Thomas Selfridge as passenger, crashes, killing Selfridge, who becomes the first airplane fatality. - 27Sep
Ford Piquette Avenue Plant
The first production of the Ford Model T automobile was built at the Ford Piquette Avenue Plant in Detroit, Michigan. - 1Oct
Ford Model T
Ford puts the Model T car on the market at a price of US$825. - 14Oct
Detroit Tigers
The Chicago Cubs defeat the Detroit Tigers, 2-0, clinching the World Series; this would be their last until clinching the 2016 World Series.