Soviet Ambassador to Iran Sadchikov informs the Soviet leadership that Qavam claims not to be delaying Majlis elections in order to avoid implementing the Soviet Union's oil concession in Iran. Qavam instead insists that elections will be held once there is an acceptable resolution to the Azerbaijani and Qashqai conflicts as well as other conditions necessary to ensure a majority in the Majlis.

Stalin expresses his outrage that Soviet Ambassador to Iran I. V. Sadchikov extended the deadline for the realization of the Soviet Union's oil concession in Iran and insists that the Ministry of Foreign Affairs immediately draft a note demanding that Qavam implement the oil concession agreement.

Stalin and Iranian Prime Minister Ahmad Qavam discuss the future of the Soviet-Iranian relationship, Qavam's slim majority in the Majlis, the withdrawal of Soviet troops, the possibility of a Soviet oil concession in Iran, and the risks of Azerbaijani autonomy.

Soviet Ambassador to Iran A. Smirnov describes British policy in Iran as well as its implications for the Soviet Union and for the Anglo-Soviet relationship. He suggests that the British are pursuing an imperialist policy in Iran and that this policy is responsible for the mutual distrust forming between the British and Soviet governments.

Memo describing the conclusion of Soviet-Iranian negotiations. A joint communique was adopted with provisions to withdraw Soviet troops from Iran, establish a joint oil company, and conduct reforms in Iranian Azerbaijan.

Plans for the organization of a hyrdogeological detachment to begin prospecting work for oil in northern Iran.

A decree on prospecting and drilling for oil in Northern Iran, detailing the exact plans of the Soviet Union.

The Central Committee of the Azerbaijan SSR responds approvingly to the Soviet-Iranian agreement in which the Soviets agreed to withdraw military forces in exchange for oil concessions from Iran.

Sadchikov expresses the Soviet government's interest in exploring a joint oil company using Northern Iranian oil.

The Shah of Iran agrees to starting a Soviet-Iranian oil company using oil from Northern Iran. The letter contains Iran's conditions for this company and the promise that a treaty will soon follow this letter.