Comment, A Note on Iraqi oil contracts from 1908 to 1931
Article from: OGEL 2 (2003), in Production Sharing Contracts
Introduction
p>The discovery of oil at the Masjid-i-Suleiman No 1 well in May 1908 by the new British corporation, Anglo-Persian Oil Company, APOC, nearly one hundred years ago, demonstrated with extraordinary force the importance of the new Middle East oil province that it had just revealed. Petroleum geologists were led to speculate about the potential for similar accumulations elsewhere along the Arabian Gulf and to explore and then produce in Persia (Iran), and in Iraq, then later in Bahrain, Saudi Arabia, Kuwait, Qatar, the Trucial States (The Emirates) and later still in Oman.