Magazine content is available exclusively for TIME subscribers.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...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- 50 Best iPhone Apps 2012
- Deadly Cold Grips Europe
- Your Turn, Canada: A Second-By-Second Look at Jeremy Lin Lighting Up Toronto
- What's in Your Lipstick? FDA Finds Lead in 400 Shades
- Iowa Welcomes Back China's Next President
- Rick Santorum Wants to Fight 'The Dangers Of Contraception'
- Linsanity Heads East, Linfects China and Taiwan
- Why Obama's Re-Election Fortunes Are Suddenly Looking Up
- After Whitney Houston, Musicians Say: I'm Afraid
- Why I Won't Be Boycotting Chick-Fil-A
- Harvard's Hoops Star Is Asian. Why's That a Problem?
- Iowa Welcomes Back China's Next President
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Beirut: Where Valentine's Day Belongs to Another Kind of Saint
- Friends With Benefits
- With Syria's Rebels: A Visit to a Bombmaker's Factory
- Europe's Deep Freeze: Why Climate Change Is Not (Entirely) to Blame
- Study: Lead Poisoning Could Lurk in Spices
- Romney's Cruel Canine Vacation
- New York City: 10 Things to Do
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
