Oil: Historical Background and Aramco (4)

While Twitchell's survey was proceeding, Socal, the Standard Oil Company of California, which had sent two geologists to Bahrain, was becoming increasingly interested in the oil potential of the mainland of Saudi Arabia.

In 1933 (1351/52 AH), Twitchell arrived in Jiddah with a Socal representative, Lloyd Hamilton. Despite some impressive competition from the Iraq Petroleum Company, Hamilton succeeded in negotiating a concession for exclusive rights to oil in the eastern region.

The agreement which had a 60-year life (later to be extended for a further six years), received royal assent in July, 1933 (1352 AH). Thus, the Kingdom broke what had been virtually a British monopoly of oil concessions in that part of the world.

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