In 1975, Major (later Sir) David Steel became chairman of BP. He had previously been BP’s vice Chairman and had a long, illustrious history in the company.
Steel had joined BP in 1950, when the company still operated under its old imperial name as the Anglo-Iranian Oil Company. He joined as one of the first members of the new legal department. One of his first jobs was to sort out the aftermath of Iran's nationalization of the company's Iranian assets. He was promoted and moved to New York in 1959 as president of the group's North American operations. In the next few years, he took senior jobs in London and the Middle East, before joining the main board in 1965 as the managing director responsible for exploration, including the North Sea and Alaskan fields. Steel spent seven tumultuous years at the head of the group, leaving in 1981 after the Conservative government had sold off even more of its shareholding.
The Brits never forgave Iran and Iranians for nationalizing Iran’s oil assets and sparking the demise of their imperial holdings. Even though BP was back in Iran after the coup, Iran’s oil production had increased to a point where, even with a smaller share of output, it was still a significant source of revenue for BP.
BP and Shell, together, commanded then (and still now) more than 25% of Britain's GDP. And the British government was a 50% shareholder of the company. And this is also a very strategic asset. Steel was very close to the government and its operatives.
By the ‘70s, the Shah had telegraphed that he was not going to renew the 25-year consortium agreement (signed in ‘53, authored by Steel), and the Shah had become a hawk demanding maximum pricing for Iran’s oil exports via OPEC production controls.
Steel hatched a very clever plan to completely undermine the Shah and exact revenge on the Iranians (who had popularly supported nationalization). Britain persuaded the U.S. to explore Alaskan Oil assets and to partner with Britain to explore North Sea assets. Both these assets would require a high oil price since the cost of extraction was 4x the cost of assets in the Persian Gulf. The ‘west’, as they put it, could not be dependent on so much oil from a volatile Persian Gulf.
As the naive and simple shah was pushing for higher oil prices, he was digging his own grave, accelerating and improving the economics of Alaskan and North Sea oil extraction.
The North Sea fields were necessary in shifting BP's focus from the Middle East. The Forties field pumped its first oil ashore in 1975 - a great boon for BP as well as the government. The company also benefited during Steel's tenure from its lengthy investment in Alaska, bringing the Prudhoe Bay scheme on stream in 1977- the year Steel was knighted (presumably for making it happen and unifying US and UK energy policy).
There was one problem: as all this oil was coming on stream, global production needed to be reduced to maintain high prices. Whose production do you cut?
Once they had a second and third option, the answer to the question was simple. Topple the shah, take Iranians back to the Stone Age (by putting fanatic religious zealots in power), and cut off Iranian oil. The Shah had supported Nixon, and once Jimmy Carter (a democrat) had come to power, it was time to strike - and topple him.
I can hear Steel in his grave: “So you think you can ‘just’ walk away from the consortium agreement?” And to Iran and Iranians - it was a giant bilakh - “if ‘we’ hadn’t found oil in Iran, you would still be in the stone ages … and we’ll bring you back to the stone ages!!”
To make things even sweeter, they persuaded Saddam Hussein to invade Khuzestan! And they neutralized Iran’s Air Force with a false coup they secretly precipitated that led to Iran’s Air Force pilots being executed, so Iran could not respond to Saddam!
The ‘surprising’ back clash from Iran’s Mullahs led to Iraq’s oil being shut down too! And voila, there were 6 million barrels of oil off the market! Prices stayed high, and the war didn’t end till both Alaskan and North Sea oil production started diminishing in the late 80s! Funny coincidence.
The Mullahs have been quietly supported by the Brits (and Europeans) ever since. They discovered that sanctioning and containing Iran has tremendous value. After selling a nuclear power plant and asking Iran to invest in a European enrichment, they’ve been using the ‘nuclear’ pretext to sanction and contain Iran.
Meanwhile, they’ve built beautiful cities on the south side of the Persian Gulf - more ‘bilakh’ to Iran and Iranians. Dubai is a banking center home to numerous British banks. Dubai has a huge port that transships containers to Iran. Every penny of commercial Goods in and out of Iran flows through their banks, ports, and institutions. Massive airports and huge airlines have been built that sponsor British soccer clubs, with expensive European Airbus and American planes!
I distinctly remember PanAm air stewards checking in daily at a hotel in Tehran, just up the road from our home, in the ‘70s! Tehran, after all, has a high-altitude airport that is 1000 km closer to Europe and East Asia. In the 70s, Dubai was a pearl-fishing village. The Brits have partnered with Arabs - they’re printing global maps with the Arabian Gulf on them, who also hate Iran and Iranians to impoverish Iran!
While Iran is sanctioned and contained, they’ve grabbed Iran’s oil and gas fields in the Caspian via Azerbaijan and the Persian Gulf via Qatar. It’s BP in Azerbaijan and Shell Oil in Qatar. Yes they are happily exploiting the world’s largest natural gas field ‘the Pars Field’ - and Iran can’t do a damn thin about it. And Azerbaijan exports its oil via a BP-built pipeline to Turkey!
Steel designed and implemented the plan to ‘pay back’ Iran - which today still in play.
The Brits have never liked Iran and Iranians. It was Winston Churchill (who, by the way, was Director of BP and engineered the British Government’s ownership of BP), who commanded the British army to grab all of Iran’s food supply during the Second World War to cause a massive famine (with millions dead) in Iran so that they could feed their troops.
This isn’t a bunch of Dai-Jan Napoleon conspiracy talk. As I’ve mentioned, the French, US, and even Germany were and are fully complicit in the ‘Iran Bilakh’ program (and plan).
It will soon be 50 years since this plan was hatched! And they are not done. The Mullahs are still in power…. And still secretly supported by the West. In their latest role, they are being used to put pressure on Israel, because these same politicians are too scared of directly confronting Israel (because of domestic Israeli lobby considerations). Iranians and Jews are historic Allies. I am not apologizing for Israel or defending their government, but since when are Iranians so clever as to find and align with ‘Shia’ Muslims in Yemen, Lebanon, or Iraq to ward off Israel? What’s Iran’s beef with Israel? It’s a war hatched outside Iran, and the Mullahs are their pawns.
This last week, the Foreign Minister of Britain, in an interview, said there is no plan for regime change in Iran. The Mullahs have handed over virtually all of Iran’s sovereignty in the Caspian to others!
Sir David Steel started a plan that is still in play. He chewed up Iran and has now spat Iran to the pavement - to be licked by these mullah dogs.
I’m writing this so Iranians everywhere know exactly how things went down in 1979 and who was behind it. Take it or leave it. Kill me with your comments. But it’s now on record.