Iran: The White Revolution

Near Isfahan, surveyors were setting the final location for a $286 million steel mill that the Russians will construct for Iran. Other crews tramped across the desert and through mountain passes driving stakes to mark the route for a $450 million pipeline that will carry natural gas 800 miles north from Iran's southern oilfields to the Russian border. At Bandar Shahpur, still others staked out the site for a $100 million petrochemical plant, owned jointly by Iran and the U.S.'s Allied Chemical Corp. Around the clock, workmen were building two new ports on the Persian Gulf ($300 million), a state-owned...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!