OIL: Missions to Teheran

Young, globe-trotting Herbert Hoover Jr., 41, arrived in Washington from the Middle East and promptly hurried to the complicated grey bird's-nest that is the State Department. Hoover's firm, United Engineering Corp., S.A., has been advising the oil-conscious Iranian Government on its oil policies since last June. By last week Teheran oil politics were gushing over. Three U.S. companies—Standard Oil Co. (N.J.), Socony-Vacuum Oil Co. Inc. and Sinclair Oil Corp.—were seeking oil concessions from suave, car-mad Mohammed Shah Pahlavi in competition with the British Anglo-Iranian Oil Co., Ltd., the only company operating in Iran. The Royal-Dutch Shell group was reported...

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