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Explain the benefits Persia gained from the oil concession

Explain the benefits Persia gained from the oil concession

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Answer #1

The petrolium oil concession that was singned in 1901 between William knox D'Arcy and Mozzarfar al-Din ,Shah of Persia.

Shah Mozzafar al-Din singned 18 point concession.It give abslute right to prospect ,explore,exploit,transport and sell natural gas, petrolium asphalt and mineral waxes in Persia.

In return Shah received €20000 cash ,another €20000 shares of worth,and 16 percent of annual net profit ,from operating companies of concession.

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