apr 16, 1901 - D'Arcy Concession

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The D'Arcy Concession was a petroleum oil concession that was signed in 1901 between William Knox D'Arcy and Mozzafar al-Din, Shah of Persia

During the 1890s, research and reports were being published that Persia had great oil potential. Some of D'Arcy's advisers made D'Arcy aware of these reports and promised him wealth if he invested in this venture. D'Arcy agreed and sent out representatives to Tehran to win a concession that would give him the exclusive rights to prospect for oil in Persia. On April 16, 1901, negotiations commenced between D'Arcy's representatives and Shah Mozzafar al-Din over the potential oil concession

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