The Prize: The Epic Quest for Oil, Money, and Power

How did the oil companies become involved in the Middle East? Who was involved in the beginning negotiations?

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Asked by Cat on 26 Mar 01:54

Last updated by Cat on 26 Mar 02:18

1 Answers

Answered by Cat on 26 Mar 02:18

William Knox D'Arcy founded the oil industry in the Middle East. In 1901, he signed an agreement with the Shah, giving D'Arcy access to most of Persia. Several oil companies became involved and found oil fields in the Middle East.