Anglo-Persian Oil Co.

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The Anglo-Persian Oil Company (APOC) was a company founded in 1908 following the discovery of a large oil field in Masjed Soleiman, Iran. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the Anglo-Iranian Oil Company (AIOC) and in 1954 it was renamed again to the British Petroleum Company (BP), one of the antecedents of the modern BP public limited company, while its assets in Iran were nationalised and taken over by the National Iranian Oil Company. Britain's treasury purchased 51% of the company in 1914.

Subject ID: 90854

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The Anglo-Persian Oil Company (APOC) was a company founded in 1908 following the discovery of a large oil field in Masjed Soleiman, Iran. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the Anglo-Iranian Oil Company (AIOC) and in 1954 it was renamed again to the British Petroleum Company (BP), one of the antecedents of the modern BP public limited company, while its assets in Iran were nationalised and taken over by the National Iranian Oil Company. Britain's treasury purchased 51% of the company in 1914.

Subject ID: 90854

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Subject ID: 90854