'File 39/2 (1 B/8) Effect of abrogation of APOC concession by Persian Government on oil market in Bahrain' [‎31v] (62/80)

Article 27.
Cette Convention entrera en vigueur apres avoir ete ratifiee par le Medjlesse
et promulguee par le decret de Sa Majeste imperiale le Chah. Le Gonvernement
s’engage a soumettre cette Convention, le plus tot possible, a la ratification du
Medjlesse.
Fait a Teheran le vingt-neuf avril mil neuf cent trente-trois.
Pour le Gouvernement imperial de la Perse :
S. H. TAQIZADEH.
For and on behalf of the Anglo-Persian Oil
Company (Limited) :
JOHN CADMAN, Chairman.
W. FRASER, Deputy Chairman.
(Translation.)
Preamble.
FOR the purpose of establishing a new Concession to replace that which
was granted in 1901 to William Knox D’Arcy, the present Concession is
granted by the Persian Government and accepted by the Anglo-Persian Oil
Company (Limited).
This Concession shall regulate in the future the relations between the two
parties above mentioned.
Definitions.
The following definitions of certain terms used in the present Agreement are
applicable for the purposes hereof without regard to any different meaning which
may or might be attributed to those terms for other purposes :—
The Government ’ ’ means the Imperial Government of Persia.
The Company ’ ’ means the Anglo-Persian Oil Company (Limited) and all
its subordinate companies.
The Anglo-Persian Oil Company (Limited) ’ ’ means the Anglo-Persian Oil
Company (Limited) or any other body corporate to which, with the consent of
the Government ” (article 26), this Concession might be transferred.
“ Subordinate Company ” means any company for which “ the Company ” has
the right to nominate directly or indirectly more than one-half of the directors,
or in which “the Company’' holds, directly or indirectly, a number of shares
sufficient to assure it more than 50 per cent, of all voting rights at the general
meetings of such a company.
“ Petroleum ” means crude oil, natural gases, asphalt, ozokerite, as well as
all products obtained either from these substances or by mixing these substances
with other substances.
Operations of the Company in Persia ” means all industrial, commercial
and technical operations carried on by “the Company” exclusively for the
purposes of this Concession.
Article 1 .
The Government grants to the Company, on the terms of this Concession,
the exclusive right, within the territory of the Concession, to search for and
extract petroleum, as well as to refine or treat in any other manner and render
suitable for commerce the petroleum obtained by it.
The Government also grants to the Company, throughout Persia the
non-exclusive right to transport petroleum, to refine or treat it in any other
manner and to render it suitable for commerce, as well as to sell it in Persia and
to export it.