As oil production increases and the extent…

1828 CE to 1971 CE

As oil production increases and the extent of oil deposits becomes known, indigenous rulers improve their terms.

In the 1950s, rulers routinely demand an equal share of oil company profits in addition to a royalty fee.

By the 1970s, most of the gulf countries, which by now are independent of British control, buy major shares in the subsidiary companies that work within their borders.

By the early 1990s, many of these subsidiaries will have become completely state-owned concerns.

They will continue to employ Western experts at the highest decision-making levels, but the local government will have ultimate responsibility and profits.

People
Reza Shah View →

Groups
Iranian peoples View → Arab people View → Omanis View → Persian people View → Islam View → Muslims, Sunni View → Muslims, Kharijite View → Muslims, Shi'a View → Muslims, Ibadi View → Ismailism View → Qarmatians View → Persia, Safavid Kingdom of View → Yaruba dynasty View → Abu Dhabi, Emirate of View → Ra's al-Khaymah, or Ras al-Khaimah, Emirate of View → Sharjah (ash-Shariqah), Emirate of View → Ajman, or 'Ujman, Emirate of View → Umm al-Qaywayn, or Umm al-Quwain, Emirate of View → Persia, Qajarid Kingdom of View → Dubai, Emirate of View → al-Fujayrah, or Fujairah, Emirate of View → Britain (United Kingdom of Great Britain and Ireland) View → Muscat and Oman View → Bahrain, British protectorate of View → Anglo-Persian Oil Company View → Standard Oil of California (Socal) View → Persia, Pahlavid Kingdom of View → Britain (United Kingdom of Great Britain and Northern Ireland) View → Saudi Arabia, Kingdom of View →

Commodities
Fuels, lubricants and sealants View →

Subjects
Commerce View → Government View →

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