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Friday, August 5, 2016

When was oil first discovered in Saudi Arabia?

The story of Saudi Arabian oil goes back to 1933 when King Abdulaziz bin Abdulrahman Al-Saud granted Standard Oil of California (Socal), later renamed Chevron, the right to prospect for oil in the new Kingdom. In 1938, Socal discovered large quantities of oil in the Dammam Dome near the Arabian Gulf.

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