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8 - Distributing the Oil Wealth

Africa and Iranian Aid

from Part II - Forming an Africa Policy (1971–1975)

Published online by Cambridge University Press:  13 June 2024

Robert Steele
Affiliation:
Austrian Academy of Sciences
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Summary

Iranian oil revenues saw extraordinary growth in the 1970s, increasing from $1.2 billion in 1970–71 to $5 billion in 1973–74, and reaching $20 billion in 1975–76. These increased revenues gave the shah status as a major player in the Global South. It allowed him to invest in industrial projects in Africa and purchase not only raw materials to satisfy Iran’s construction boom, but also strategic resources such as uranium and phosphates. Surprisingly little has been written in the historiography of late Pahlavi Iran about how and to what effect Iran used its oil wealth to buy influence in the Global South in the 1970s. This chapter addresses this shortcoming, by examining Iranian aid and development in Africa during this period. Using a wide range of archival material and building on the important scholarship of academics such as Shireen T. Hunter, it looks at exactly how much money was distributed, the types of projects Iran supported, what Iran sought to gain from this investment/philanthropy, and how successful it actually was.

Type
Chapter
Information
Pahlavi Iran's Relations with Africa
Cultural and Political Connections in the Cold War
, pp. 203 - 224
Publisher: Cambridge University Press
Print publication year: 2024

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  • Distributing the Oil Wealth
  • Robert Steele, Austrian Academy of Sciences
  • Book: Pahlavi Iran's Relations with Africa
  • Online publication: 13 June 2024
  • Chapter DOI: https://doi.org/10.1017/9781009473132.012
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  • Distributing the Oil Wealth
  • Robert Steele, Austrian Academy of Sciences
  • Book: Pahlavi Iran's Relations with Africa
  • Online publication: 13 June 2024
  • Chapter DOI: https://doi.org/10.1017/9781009473132.012
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Distributing the Oil Wealth
  • Robert Steele, Austrian Academy of Sciences
  • Book: Pahlavi Iran's Relations with Africa
  • Online publication: 13 June 2024
  • Chapter DOI: https://doi.org/10.1017/9781009473132.012
Available formats
×