Description: (Entrepreneur)
William Knox D'Arcy was a prominent British-Australian businessman credited for his pivotal role in establishing the oil and petrochemical industry in Persia (Iran). In 1901, he secured the historic D’Arcy Concession, which granted him exclusive rights to explore, extract, and commercialize oil, natural gas, asphalt, and ozokerite in Persia. D'Arcy's entrepreneurial vision and efforts formed the basis for the region's oil industry, a crucial milestone in the development of Persia's natural resources that significantly influenced the country's economic trajectory.