October 1, 1979 marked a new chapter in the governance of Iran's black gold; the day the Revolutionary Council approved the 'Legal Bill for the Establishment of the Ministry of Oil', setting a different fate for Iran's oil industry.
In the Name of the God Who Created Oil
On October 1, 1979, the Revolutionary Council of Iran approved a bill to establish a Ministry of Oil, indicating a significant shift in the management of the country's oil resources. This decision is pivotal as it reflects the changing political landscape following the Iranian Revolution. The establishment of this ministry is crucial for the future direction of Iran's oil industry.
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