|
|
|
Bahrain History DISCOVERY OF OIL
picture courtesy newarabia.net
At the end of World War I, the Arab states of the gulf were weak, with faltering economies and with local rulers who maintained their autonomy only with British assistance. The rulers controlled mainly the small port cities and some of the hinterland. The sultan in Oman claimed a somewhat larger area, but resistance to his rule made it difficult for him to exert his authority much beyond Muscat. The discovery of oil in the region changed all this. Oil was first discovered in Iran, and by 1911 a British concern, the Anglo-Persian Oil Company (APOC), was producing oil in Iran. The British found oil in Iraq after World War I. In 1932 Standard Oil Company of California (Socal) discovered oil in commercial quantities in Bahrain. Socal then obtained a concession in Saudi Arabia in 1933 and discovered oil in commercial quantities in 1938. A flurry of oil exploration activity occurred in the gulf in the 1930s with the United States and Britain competing with one another for oil concessions. One reason for the increased activity was that in 1932 the new Iranian government of Reza Shah Pahlavi revoked APOC's concession. Although the shah and the British later agreed on new terms, the threat of losing Iranian oil convinced the British in particular that they must find other sources. The small states of the Persian Gulf were a natural place to look. Geological conditions were similar to those in Iran, and, because of treaties signed between 1820 and 1920, the British had substantial influence and could restrict foreign access. courtesy FRD country studies next page - Discovery pg. 2 Contents of History of Bahrain: The Gulf in the Ancient World - The Gulf in the Middle Ages (page 1, page 2) - The Age of Colonialism (page 1, page 2) - Wahhabi Islam and the Gulf (page 1, page 2) - Treaties with the British (page 1, page 2) - Discovery of Oil (page 1, page 2) - Independence (page 1, 2, 3, 4, 5)- Developments since Independence (page 1, page 2) - Tribal Nature of Gulf Society (page 1, 2, 3, 4) bahrain home - bahrain map - bahrain hotels - bahrain nightlife - bahrain overview - bahrain history index - bahrain pictures
for inquiries and comments (non-commercial only please): go.mideast @ yahoo.comCopyright ©2003-2008 gomideast.com unless otherwise credited |
|
