Pahlavi EraEconomy
How Oil Fed the Budget
Infographic language
Caption
Oil was 47% of the government budget in 1963, 86% at the 1974 peak and 63% by 1978. Income per person rose about twelvefold in current prices, about sixfold in constant prices.
Which number surprises you most?
#Iran #Economy #PahlaviEra
Short takes
Iran's oil age began on 26 May 1908, when drillers struck oil at Masjed Soleyman in the Zagros, the first major commercial discovery in the Middle East. The Abadan refinery grew out of that find.
#Iran #Oil #History
By the early 1950s the Abadan refinery, on an island in the Shatt al-Arab, was among the largest in the world, refining crude piped in from the oil fields of Khuzestan.
#Iran #Abadan #Oil
