This is the English translation of the translation, into Italian, of a French speech that Enrico Mattei (1906-1962) held in Tunisia in 1960 while negotiating an agreement in his function as the 1953 founder and director of Italy’s Ente Nazionale Idrocarburi (ENI)—a conglomerate that managed Italy’s energy needs and led Italy’s energy foreign policy, pleasing many citizens but displeasing some high-ranking officials.

Already in the 1950s Mattei openly supported independence movements, also French Algeria’s. Moreover, he was a sharp Western critic of the world’s dominant oil companies, British Petroleum (until 1954, Anglo-Iranian Oil Company), Royal Dutch Shell, and the five US firms Standard Oil Company of California, Gulf Oil, Texaco, Standard Oil Company of New Jersey, and Standard Oil Company of New York, who in various combinations enjoyed oil monopolies in Saudi Arabia, Iran, and Iraq. He talked of Anglo-Saxon oil imperialism and in the 1950s coined the moniker the “Seven Sisters”—after the seven Pleiades sisters of Greek mythology—for those companies, leaving out the Compagnie Française des Pétroles that formed part of Iran’s and Iraq’s consortium, too. Unable to break into these two consortia or into the Saudi one, he succeeded to circumvent the Iranian one, which had been midwifed by the US government a year after the 1953 CIA-led coup d’Etat against Prime Minister Muhammad Musaddiq, who in 1951 had nationalized Iran’s oil.

In 1957 Mattei and Iran’s monarch, Muhammad Reza Shah Pahlavi (1919-1980; r. 1941-1979), cut a deal whose profit terms—75-percent for Iran, 25-percent for ENI—undercut the Iranian consortium’s 50-50 terms. The US government did not oppose the deal, hoping it would buoy the shah’s popularity and hence stabilize a Cold War client bordering the Soviet Union. When in 1959 Mattei signed an oil deal with the Soviet Union, he again shocked the consortia and now also Washington: for dealing with the Soviets, and because they sold oil for less than the consortia. (This deal was a contributing factor to a price cut by the large US companies in July 1960, which angered oil producing countries and triggered the birth, in September, of the Organization of the Petroleum Producing Countries, or OPEC, a project discussed from 1959 by Arabs including the Saudi Abdallah al-Tariqi.) In 1958 and 1960, Mattei negotiated deals inter alia with two minor Arab oil producers, Morocco and Tunisia, respectively. Moreover, he entertained contacts with the Algerian Front de Libération Nationale. In 1962 he died in an airplane crash that in 1997 was ruled to have been caused by a bomb—perpetrators unknown.

In 1901, Iran granted an oil concession to a foreigner: William Know D’Arcy (1949-1917), a British national who before had worked in mining in British imperial Australia and New Zealand. The 60-year concession gave the Iranian government, then led by the Qajar dynasty (1794-1925), 16-percent of annual profits. In 1908, D’Arcy’s engineers found oil in the southwestern province of Khuzistan, bordering Ottoman Iraq. The same year, D’Arcy’s company became the Anglo-Persian Oil Company (APOC; from 1935 Anglo-Iranian Oil Company [AIOC]; from 1954 British Petroleum [BP]), which by 1913 began to commercially exploit Iranian oil. In 1914, the British government bought 51-percent of APOC’s shares and hence effectively its control, which mattered particularly to the Navy, the world’s largest, that was shifting from coal to oil combustion. In 1933, the 1901 concession was moderately revised. Iran now received 20-percent of annual profits, and APOC made other minor concessions, agreed on in a meeting between Reza Shah Pahlavi (1878-1944, r. 1925-1941) and APOC Chairman John Cadman (1877-1941).

Iranian AIOC laborers’ and the Iranian public’s complaints about the status quo grew audible after the Anglo-Soviet occupation of Iran opened up the political sphere in 1941. Later that decade, nationalist parliamentarians, including Muhammad Musaddiq (1882-1967), began to demand a new agreement along the lines of the 50-50 profit-sharing deal that Venezuela’s 1943 Hydrocarbons Law had successfully imposed on foreign oil companies. AIOC refused. Its 1949 counter-offer was accepted by Muhammad Reza Shah Pahlavi (1919-1980, r. 1941-1979) but rejected by parliament, not the least because in 1950 also Saudi Arabia got a 50-50 profit-sharing deal with ARAMCO. In April 1951, parliament elected Musaddiq Prime Minister.

Having for a long time criticized AIOC’s role—and by extension Britain’s influence—in Iran, Musaddiq demanded AIOC respect sovereign control. When it refused, he cancelled its concession and nationalized its assets in Iran. The following two years were fateful. They ended with a CIA-led coup d’Etat that in 1953 ousted Musaddiq, turned Iran into a US client, and allowed the US government to bring (initially not quite willing) US oil companies into Iran, sidelining BP, and to create a consortium in 1954 that paid Iran 50-percent of its profit. Moreover, Iran’s oil nationalization drama was an international affair. Anticolonial masses treated Musaddiq as a hero also outside Iran, as Lior Sternfeld shows in “Iran Days in Egypt: Mosaddeq’s Visit to Cairo in 1951” (2015). And Christopher Dietrich’s Oil Revolution (2017) demonstrates that among anticolonial elites in many non-Western countries and at international organizations like the United Nations (UN), Iran’s case sharpened conversations about and demands for economic decolonization, i.e. for politically independent countries’ right to also exercise sovereign rights over their resources. (Publics were involved in these debates, too.)

In New York, Iran’s UN delegate Djalal Abdoh (1909-1996) was a leading voice in this regard, together with colleagues especially from Latin America, the Middle East, and Asia. Moreover, Musaddiq himself addressed international organizations on economic decolonization. In June 1952, he was at the International Court of Justice in The Hague, The Netherlands, which would accept Iran’s claim that AIOC’s nationalization was a domestic Iranian rather than an international legal matter. And on October 15, 1951, he addressed the UN Security Council’s 560th meeting in New York, speaking in French; as he was frail, after a while Allahyar Saleh, Iran’s ambassador to the United States, took over.

French President Giscard and Vice Premier Deng Xiaoping discuss economic issues, including development funding and international aid for Third World countries, as well as the recent oil crisis.