Foreign companies own and manage the gulf…

1828 CE to 1971 CE

Foreign companies own and manage the gulf oil industry until the 1970s.

In most cases, European- and United States-based concerns form subsidiaries to work in specific countries, and these subsidiaries pay fees to the local rulers, first for the right to explore for oil and later for the right to export the oil.

When the first arrangements are made, local rulers have a weak bargaining position because they have few other sources of income and are eager to get revenues from the oil companies as fast as possible.

Moreover, in 1930 no one knows the size of gulf oil reserves.

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Reza Shah View →

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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 →

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Fuels, lubricants and sealants View →

Subjects
Commerce View → Government View →

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