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History Of The Oil Industry In Saudi Arabia
Saudi Arabian oil was first discovered by the Americans in commercial quantities at Dammam oil well No. 7 in 1938 in what is now modern day Dhahran. Background On January 15, 1902, Ibn Saud took Riyadh from the Rashid tribe. In 1913, his forces captured the province of al-Hasa from the Ottoman Turks. In 1922, he completed his conquest of the Nejd, and in 1925, he conquered the Hijaz. In 1932, the Kingdom of Saudi Arabia was proclaimed with Ibn Saud as king. Without stability in the region, the search for oil would have been difficult, as evidenced by early oil exploration in neighbouring countries such as Yemen and Oman. Prior to 1938, there were three main factors that triggered the search for oil in Arabia: * The discovery of oil by the Anglo-Persian Oil Company at Masjid-i-Sulaiman in the mountains of north-western Persia in 1908; but the consensus of geological opinion at the time was that there was no oil on the Arabian peninsula, although there were rumours of an oil s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dammam No
Dammam ( ar, الدمّام ') is the fifth-most populous city in Saudi Arabia after Riyadh, Jeddah, Mecca, and Medina. It is the capital of the Eastern Province. With a total population of 1,252,523 as of 2020. The judicial and administrative bodies of the province, in addition to the administrative offices of other minor governmental departments functioning within the province, are located in the city. The word itself is generally used to refer to the city, but may also refer to its eponymous governorate. Dammam is known for being a major administrative center for the Saudi oil industry. Dammam constitutes the core of the Dammam metropolitan area, also known as the Greater Dammam area, which comprises the 'Triplet Cities' of Dammam, Dhahran and Khobar. The area has an estimated population of 4,140,000 as of 2012 and is closely linked to the city through social, economic, and cultural ties. The city is growing at an exceptionally fast rate of 12% a year – the fastest in Saudi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Holmes (geologist)
Frank Holmes (1874 – January 1947), known affectionately by Arabs as "Abu Naft" (''the Father of Oil''), was a British-New Zealander mining engineer, geologist and oil concession hunter. Following distinguished service in World War I, he was granted the title of honorary Major and was thereafter known as Major Frank Holmes in his civilian life. Early life and career He was born in 1874 on at a remote work camp in New Zealand where his father was building a bridge. He attended Otago Boys' High School, Dunedin in 1888–89. At the age of 17, he was apprenticed to his uncle who was the general manager of a gold mine in southern Africa. For two decades, specialising in gold and tin, he worked as a mining engineer all over the world – Australia, China, Russia, Malaya, Mexico, Uruguay and Nigeria. During World War I, he was a quartermaster in the British Army. In his efforts to source food and supplies for the British Army in Mesopotamia (today's Iraq), Holmes travelled widely throug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Oil Of California
Standard may refer to: Symbols * Colours, standards and guidons, kinds of military signs * Standard (emblem), a type of a large symbol or emblem used for identification Norms, conventions or requirements * Standard (metrology), an object that bears a defined relationship to a unit of measure used for calibration of measuring devices * Standard (timber unit), an obsolete measure of timber used in trade * Breed standard (also called bench standard), in animal fancy and animal husbandry * BioCompute Standard, a standard for next generation sequencing * ''De facto'' standard, product or system with market dominance * Gold standard, a monetary system based on gold; also used metaphorically for the best of several options, against which the others are measured * Internet Standard, a specification ratified as an open standard by the Internet Engineering Task Force * Learning standards, standards applied to education content * Standard displacement, a naval term describing the weig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Line Agreement
The Red Line Agreement is an agreement signed by partners in the Turkish Petroleum Company (TPC) on July 31, 1928, in Ostend, Belgium. The agreement was signed between Anglo-Persian Company (later renamed British Petroleum), Royal Dutch/Shell, Compagnie Française des Pétroles (later renamed Total), Near East Development Corporation (later renamed ExxonMobil) and Calouste Gulbenkian (''Mr. Five Percent''), who retained a 5% share. The aim of the agreement was to formalize the corporate structure of TPC and bind all partners to a "self-denial clause" that prohibited any of its shareholders from independently seeking oil interests in the ex- Ottoman territory. It marked the creation of an oil monopoly, or cartel, of immense influence, spanning a vast territory. The cartel preceded easily by three decades the birth of another cartel, the Organization of Petroleum Exporting Countries (OPEC), which was formed in 1960. The Red Line Agreement was signed following the discovery of an immens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraq Petroleum Company
The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It is jointly owned by some of the world's largest oil companies and headquartered in London, England, although today it is only a paper entity with historical rights and plays no part in the modern development of Middle Eastern oil. In June 1972, the Ba'athist government in Iraq nationalized the IPC and its operations were taken over by the Iraq National Oil Company. The company "Iraq Petroleum Company" still remains extant, however, only on paper and one associated company – the Abu Dhabi Petroleum Company (ADPC, formerly Petroleum Development (Trucial Coast) Ltd) – also continues with its original shareholding intact. The related Iraq Petroleum Group was an association of companies that played a major role in the discovery and development of oil resources in are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf Oil
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger with Standard Oil of California, Gulf was one of the chief instruments of the Mellon family fortune; both Gulf and Mellon Financial had their headquarters in Pittsburgh, with Gulf's headquarters, the Gulf Tower, being Pittsburgh's tallest building until the completion of the U.S. Steel Tower. Gulf Oil Corporation (GOC) ceased to exist as an independent company in 1985, when it merged with Standard Oil of California (SOCAL), with both re-branding as Chevron in the United States. Gulf Canada, Gulf's main Canadian subsidiary, was sold the same year with retail outlets to Ultramar and Petro-Canada and what became Gulf Canada Resources to Olympia & York. However, the Gulf brand name and a number of the constituent business divisions of GOC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bahrain
Bahrain ( ; ; ar, البحرين, al-Bahrayn, locally ), officially the Kingdom of Bahrain, ' is an island country in Western Asia. It is situated on the Persian Gulf, and comprises a small archipelago made up of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. According to the 2020 census, the country's population numbers 1,501,635, of which 712,362 are Bahraini nationals. Bahrain spans some , and is the third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. Bahrain is the site of the ancient Dilmun civilization.Oman: The Lost Land [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheikh
Sheikh (pronounced or ; ar, شيخ ' , mostly pronounced , plural ' )—also transliterated sheekh, sheyikh, shaykh, shayk, shekh, shaik and Shaikh, shak—is an honorific title in the Arabic language. It commonly designates a chief of a tribe or a royal family member in Arabian countries, in some countries it is also given to those of great knowledge in religious affairs as a surname by a prestige religious leader from a chain of Sufi scholars. It is also commonly used to refer to a Muslim religious scholar. It is also used as an honorary title by people claiming to be descended from Hasan ibn Ali and Husayn ibn Ali both patrilineal and matrilineal who are grandsons of the Islamic prophet Muhammad. The term is literally translated to " Elder" (is also translated to "Lord/Master" in a monarchical context). The word 'sheikh' is mentioned in the 23rd verse of Surah Al-Qasas in the Quran. Etymology and meaning The word in Arabic stems from a triliteral root connected with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geologist
A geologist is a scientist who studies the solid, liquid, and gaseous matter that constitutes Earth and other terrestrial planets, as well as the processes that shape them. Geologists usually study geology, earth science, or geophysics, although backgrounds in physics, chemistry, biology, and other sciences are also useful. Field research (field work) is an important component of geology, although many subdisciplines incorporate laboratory and digitalized work. Geologists can be classified in a larger group of scientists, called geoscientists. Geologists work in the energy and mining sectors searching for natural resources such as petroleum, natural gas, precious and base metals. They are also in the forefront of preventing and mitigating damage from natural hazards and disasters such as earthquakes, volcanoes, tsunamis and landslides. Their studies are used to warn the general public of the occurrence of these events. Geologists are also important contributors to climate ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contractual Rights
A contract is a legally enforceable agreement between two or more Party (law), parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, Service (economics), services, money, or a promise to transfer any of those at a future date. In the event of a breach of contract, the injured party may seek legal remedy, judicial remedies such as damages or Rescission (contract law), rescission. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that pacta sunt servanda, agreements must be honoured. Contract law, like other areas of private law, varies between jurisdictions. The various systems of contract law can broadly be split between common law jurisdictions, civil law (legal system), civil law jurisdictions, and mixed law jurisdictions which combine elements of both common and civil law. Common law jurisdictions typically require contracts to include con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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