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The article reports on the ratification of an oil pact in the Iran's Senate in August 1957, which is considered a major break in the traditional 50-50 profit split given to foreign prospectors by the Middle Eastern governments. The country has granted 12-year drilling concessions to the state-run ENI SpA of Italy and its head Enrico Mattei for a strip on the Gulf of Oman. It adds that a royalty of 50% will be skimmed off from the top by the Iranian government for any profits.

The article reports on the first shipment of 15,300 tons of diesel oil and automobile gasoline aboard tanker Nissho Mam from Iran to Japan.

The article reports on the start-up of the refinery of the Anglo-Iranian Oil Co. in Kent, England in early March 1953. The facility is aimed at providing for the production loss at the company's Abadan facility in Iran, the biggest refinery in the world. The company is headed by William Fraser. Anglo-Iranian also had an operation in Kuwait in partnership with Gulf Oil Corp.

The article reports on the negotiations being conducted by U.S.-based oil firm Cities Service Co. President William Alton Jones with the Iranian government of Premier Mohammed Mossadegh for alleged oil supply to the U.S. A report by the Wall Street Journal said that Jones is in talks for the purchase of 100,000 barrels (bbls) of oil. Anglo-Iranian Oil Co., however, threatens that it will file a case against anyone who tries to market the oil.

The article focuses on the failure of Great Britain to stop the seizure of the Abadan refinery by Iran in 1951. British Prime Minister Clement Attlee has vowed that the government would not withdraw from Abadan completely before the House of Commons in July. Iranian Premier Mohammed Mossadeq has set a deadline for the return of the British staff members of the oil firm to their country. A United Nations (UN) Security Council meeting was requested by Attlee about a British complaint against Iran.

The article reports on how the extreme heat is affecting the economy of and life in Iran.

The article reports that nationalist Hussein Fatemi was shot by 15-year-old Mohammed Mehdi Mojtahedi while he was addressing a nationalist gathering at the tomb of Iranian newspaper Mohammed Massoud in February 1952. The terrorists selected Mojtahedi to kill Fatemi because capital punishment does not apply to teenage killers in Iran. Fatemi refuses to acknowledge any incipient terrorism in Iran. After recovering from the bullet wound, he continued to address such terrorism in the country.

The article reports on the departure of 3,500 British oilmen from the Abadan oil refinery of the Anglo-Iranian Oil Co. that was nationalized by Prime Minister Mossadeq. It states that the oilmen spent their last night at the local Gymkhana Club and the Guest House Bar, was sent-off by refinery director Kenneth B. Ross, and boarded the British cruiser Mauritius. The article also reports that the Iranian government will implement austerity measures to deal with the shutting-off of the Abadan refinery.

The article discusses the economic and political conflicts between Great Britain and Iran in September 1951. Iran's Premier Mohammed Mossadeq went before the Iranian Senate and stated that he would give the government of London, England two weeks to reopen the suspended oil negotiations in the terms of Iran. He announced that if the English government does not reopen the negotiations, the Premier would cancel the residence permits of 300 British technicians in Abadan.

The article considers an expected 850 million U.S. dollar surplus to be incurred by Great Britain in 1951.

The article reports on the speculations about the two Soviet navy's shark vessels that had been sighted out of the Baltic through the Oresund strait between Demark and Sweden.

The article reports on the apparent success of British Special Envoy Averell Harriman in his attempt to fix the oil problem in Iran. Foreign Minister Herbert Morrison announced that Great Britain is ready to send a new oil mission to Iran under Lord Privy Seal Richard Stokes. Harriman had rushed back to London, England after British Ambassador to Iran Sir Francis Shepherd expressed opposition to Harriman's efforts.

The article reports the nationalization of the Iranian oil production by the newly installed government of General Mossadeq. It details the visit of Hussein Makki, member of the three-man Oil Liquidation Board, to the Abadan refinery of Anglo-Iranian Oil Co. The International Court of Justice at the Hague, the Netherlands recommended a truce that would require England and Iran to set up a joint board to supervise operation of the Iranian oil fields under the present management.

The article discusses the conflicts arising from the failure of the Iranian government led by Premier Mohammed Mossadeq to efficiently manage the nation's oil resources as evident by the operational challenges met by Anglo-Iranian Oil Co. in 1951. The U.S. oil companies, with the suspension of antitrust laws, prepared to make oil deliveries to Iran's previous customers, instead of extending help to the nation. Mossadeq took all the blame as his strategy to expel the company and keep the technicians failed.