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Updated: June 8, 2025
The introduction of the Imperial Bank of Persia has given an impetus to this new spirit of native enterprise by affording facilities which before were not available on the same favourable terms. The Nasiri Company, a mercantile corporation of Persians, was formed in 1889 to trade on the Karun, and it commenced operations with two small steamers.
The Shuster petroleum-springs belong to a family of Syuds in the town, and did not fall within the field of the Persian Mines Corporation. These oil-springs may yet become the object of practical operations should the Nasiri Company develop the resources of the Karun Valley.
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