[totalZero]

The financial risk of the initial investor is a reasonable justification for his profits. This applies to D'Arcy as well as AIOC. Their cut of the concession deal was reflective of their risk premium.

Iran didn't take the risk -- or the cost outlay -- of building rigs, importing engineers, etc. The idea that the British were somehow exploitative by resisting renegotiation is ignorant of this fact. Both the 1901 agreement and the 1933 agreement laid out responsibilities for the

Article 16 of the 1933 agreement covered the introduction of more Iranian nationals into the petroleum business, which AIOC did in fact carry out. Article 17 talks about sanitary and public health facilities for workmen, which sounds like bathrooms and medical tents/clinics to handle workmen's injuries and treat their families.

However, I see nothing in the 1901 agreement nor the 1933 agreement that says AIOC will invest in the general infrastructure of Iran. That is what the grandparent said ("generally contribute to the development of infrastructure in the country"). That idea is at best a false pretext for breaking the deal, and at worst just a blind restatement of something on Wikipedia. Actually, the text of the 1933 agreement says that AIOC would require Iran's consent to improve AIOC's infrastructure (including aviation and telephone).

If I'm wrong, find it in the text of the agreement (https://link.springer.com/content/pdf/bbm%3A978-3-658-00093-...) and paste it into a reply for all to see. If I'm right, stop calling me disingenuous.

[wz1000]

Fortunately, the specific violations have been compiled by the world bank, as pointed out in a sibling comment.

I just have one part I found incredibly funny

> The idea that the British were somehow exploitative by resisting renegotiation is ignorant of this fact

If overthrowing a democratically elected government is not exploitative, I don't know what is. "Resisting renegotiation" is a very Orwellian way of phrasing such. I'm guessing something along the lines of "we will topple your government and hand over absolute power to a brutal dictator if the terms are violated" was also part of the the agreement?

What about all the other Iranians, the ones that had nothing to do with APOC or oil or the government. Did they also "deserve" their fate?

[Imnimo]

I would consider the construction of housing, sanitation and public health to be "general infrastructure", but if you prefer a different description, I won't argue. It strikes me as a bit of a moot point anyway, because the obligations to improve its workers' living conditions are clear and those obligations were not met. It doesn't matter whether you want to call them "infrastructure" or not.