The first major commercial oil strike in the Middle East is made at Masjed Soleyman in southwest Persia. The rights to the resource were quickly acquired by the Anglo-Persian Oil Company.

Masjed Soleyman is a city in the Central District of Masjed Soleyman County, Khuzestan province, Iran, serving as capital of both the county and the district.

Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the northeast, Afghanistan to the east, Pakistan to the southeast, and the Gulf of Oman and the Persian Gulf to the south. Iran ranks 17th globally in both geographic size and population and is the sixth-largest country in Asia. Iran is divided into five regions with 31 provinces. Tehran is the nation's capital, largest city, and financial center.

The Anglo-Persian Oil Company was a British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Persia (Iran). The British government purchased 51% of the company in 1914, gaining a controlling number of shares, effectively nationalizing the company. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the Anglo-Iranian Oil Company (AIOC) when Reza Shah formally asked foreign countries to refer to Persia by its endonym Iran.