IRAN: The High Cost of Mossadegh

Teheran's new government last week gave its people the first inkling of how much Mohammed Mossadegh's "victory" over the Anglo-Iranian Oil Co. had cost the country.

¶ Normal oil revenues lost in the 29 months since nationalization: $180 million.

¶ Actual operating deficit in the oilfields: $61 million.

¶ Tools, overhaul, required to get the giant Abadan refinery back into full production: $30 to $40 million.

Total loss to Iran: at least $271 million —$9,600,000 for each month that Mossadegh ruled.

Premier Fazlollah Zahedi's purpose in publishing these disastrous totals was to hint at his desire to settle with the British and restart...

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