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Saudi Arabia oil discoveries in 1946....
Saudi Arabia oil discoveries in 1946....
Item # 715992
November 28, 1946
NEW YORK TIMES, Nov. 28, 1946
* Saudi Arabia oil boom
The top of page 2 has one column heads: "U.S. OIL TOWNS DOT SAUDI ARABIAN SOIL" "Record Boom Is Forecast--Potential Is Estimated to Exceed Our Own Reserves" with smaller subheads.
We suspect this to be an extremely rare item because their was really no reason to save it at the time.We also suspect this is one of the few newspapers to report this event as other titles in our inventory do not.
Complete in 56 pages, nice condition.
Note: On November 27, 1946, the Arabian American Oil Company (Aramco) made a significant announcement concerning oil production and expansion plans in Saudi Arabia. This period marked a pivotal moment in the development of Saudi Arabia's oil industry and its growing importance on the global energy stage.
This announcement symbolized the beginning of Saudi Arabia's emergence as a major oil power, and it laid the foundation for the nation's future economic transformation.
The post-World War II global demand for oil was surging, and the U.S.-Saudi oil relationship became increasingly strategic both economically and geopolitically.
Category: The 20th Century
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