Cika wannan jumla: A 1950 ci gaba da bukatar jama'a ya sa kuri'a a Majlis don ba da masana'antar man fetur. Bayan shekara guda, gwamnatin Firayim Minista Mohammad Mossadeq ta kafa Kamfanin Man Fetur na Kasa na Iran (NIOC).
Juyin mulkin 1953 wanda hukumomin leken asirin Burtaniya da Amurka suka jagoranta ya hambarar da gwamnatin Mossadeq kuma ya share fagen sabuwar yarjejeniyar mai. A cikin 1954 sabon yarjejeniya ya raba riba daidai tsakanin NIOC da ƙungiyar ƙasashe da yawa waɗanda suka maye gurbin AIOC. A cikin 1973 Iran ta sanya hannu kan sabon yarjejeniyar shekaru 20 tare da ƙungiyar.