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'File 10/1 XIII Bahrain Oil Concession' [‎240r] (492/640)

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The record is made up of 1 file (318 folios). It was created in 19 Oct 1935-14 Aug 1936. It was written in English and Arabic. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .

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DUMSST'S PKSS CUTjmGS
. House 32 10 34 Holborn Viaduct,
^T^rr-ee., Holborn O.rous, E.C.I.
CENTRAL 31.9 C T-v"
^ ■ Statist
V 51 Cannon St "^193?
Cutting from issue dated
193
THE OIL POSITION
I n line with other sections of the Stock Exchange, oil
shares have for the most part displayed a reactionary
tendency this week, but the recession m prices, which
in any case is not altogether surprising after the group
recent buoyancy, is a reflection of general conditions
and not due to a revision of the prevailing optimistic
views of the industry's immediate prospects, ih
world oil output this year is now certain to be substan
tially in excess of the new record established in 1335 and
as the increase in output has been well taken care o
by the fresh rise in consumption, the oil market is showing
no signs of deterioration. Russian competition, winch
a few years ago was the bugbear of the industry, is no
longer regarded as a serious market factor, nor is there
much need for concern as to the possible effects on prices
of Rumania's efforts to increase its export trade. xNew
sources of supplies such as Iraq and the Bah^Jslands
are under the control of strong groups aW will scarcely
be allowed to become a grave menace to the stability
of the world oil industry, while the competition ot tue
substitutes, though undoubtedly increasing under the
stimulus of political considerations inspired by the
recurrent war scares, has not yet assumed disturbing
dimensions, except in Germany and a couple of other
countries. There is sound justification therefore for
continued confidence in the outlook, bearing 111 imI ^
the success of the measures taken in the United btates
to bring the crude oil position under control as well
as the strong upward trend in world consumption.
The steady expansion in consumption is well indicated
by the progressive increase in motor vehicle registrations,
brought out in the following table which is taken from
an article on the " Position and Prospects of the Oil
Industry " in the current issue of the Pdroleum Press
Service, summarising the views expressed in * reccn
interview by Mr. W. C. Teagle, president of the Standard
jo ^no pa^as aq o; aAuq {[iai 'uot^ipndaj Suuxeq
'qotqAv s^qap [■Bioiauiuioo Suipu^s^no aSnq jo aoua^sixa
aq^ Xq papiAOid aq ppioqs S uiuibav auiBS aqx "anfeA
aguuqoxa ui? q9iq oo^ ^ SutHipq^s jo laSuup aq^ jo
aiBAiaq o^ aAuq 'sauioo uoi^sijiq^saj joj auii^ aq^ uaqAv
—aq X bui Xaqi, jaAaoqAi—sai^uoq^m? qsiu-edg aqq.
'oSi'Bquia aq^ a^idsap apuui Suiaq aju ^uq^ jBiia^'BTU j'bm
jo sasBqaand aq^ Xq pu^ ap^i^ ^iodxa qsiuedg o^ ^oaqo
a^qB^iAaui aq; ^q pa^a^dap aaqpnj aq o : ; punoq si ^'Bqj
9 *taaat r»Tn^ « ttotm iT?ni mantaa an 'raaammr 'ninnrra ax
i ^ '
|
m
uodn Saipua[ aq^ pB^ma oq. sjajfojq put? s^u^q saoioj
qoiqASi puB aqdoiqs'B^o sjaduii qaiqAv quiod v o^ (6S61 u y
aaua aq^ sbm sv) um aq ijaM X biu qaiqAv pu^ 'aa^iraraoQ
aSu^qoxg 3jooqg aqq jo aouBpSiA aqq apnp [|aAv X^xu qaiqM
'sanssi aAiq'Bjnoads oq loop aqq snado qa^j^ux aAt^'Bi
-noads v 'iC|puooag "aqiuTjap XiaA aj^ saaSuBp uSiaioj
aiq'GpiOA'Buti aqq 'Xjqunoaai^ ^ ssaigojd p;u;snpni aiu
KC .'.t >v V -yuvvNMwv~^-
DURRMt'S PstESS CUTTIMGS
SI. Andrew s House, 32 lo 34 Homorn Viaduct,
and 3 St. Andrew Street, Holborn Circus, E.C. .
St. |nc
AeAonc: CE NTRAL 3149 (Two
Statist
^ 51 Cannon s t re |^ E ^p ^93^
Cutting from issue dated
THE OIL POSITION
I n line with other sections of the Stock Exchange, oil
shares have for the most part displayed a reactionary
tendency this week, but the recession in prices, which
in any case is not altogether surprising after the group's
recent buoyancy, is a reflection of general conditions
and not due to a revision of the prevailing optimistic
views of the industry's immediate prospects. The
world oil output this year is now certain to be substan
tially in excess of the new record established in 1935 and,
as the increase in output has been well taken care of
by the fresh rise in consumption, the oil market is showing
no signs of deterioration. Russian competition, which
a few years ago was the bugbear of the industry, is no
longer regarded as a serious market factor, nor is there
much need for concern as to the possible effects on prices
of Rumania's efforts to increase its export trade. New
sources of supplies such as Iraq and the JBahreinJlslarids
are under the control of strong groups and will scarceTy
be allowed to become a grave menace to the stability
of the world oil industry, while the competition of fuel
substitutes, though undoubtedly increasing under the
stimulus of political considerations inspired by the
recurrent war scares, has not yet assumed disturbing
dimensions, except in Germany and a couple of other
countries. There is sound justification therefore for
continued confidence in the outlook, bearing in mind
the success of the measures taken in the United States
to bring the crude oil position under control as well
as the strong upward trend in world consumption.
The steady expansion in consumption is well indicated
by the progressive increase in motor vehicle registrations,
brought out in the following table which is taken from
an article on the " Position and Prospects ot the Oil
Industry " in the current issue of the Petroleum Press
Service, summarising the views expressed in a recent
interview by Mr. W. C. Teagle, president of the >Standari
Oil Company (N.J.).
WOULD MOT OH VEHICLE REG ISTRATIONS
i Qoo 1033 lyo 1 *
United States 24 115,129 28,843,591 24,933,403 26,221,052
Bestfof N America l',28l',71 C 1.226,007 1,303,803 1.M2.175
Total N.America .. 25,396,845 25,070,198 26,237,206 27,583,227
:: *1® .hi
» ssi jks
Total World .. 33,366,404 33,348,623 85,124,924 37,235,987
Mr. Teagle points out that in the United States the
number of commercial vehicles in use is now substan
tially in excess of all previous records and that with
improving economic conditions the mileage covered and
consequently the amount of gasoline consumed by all
types of motor vehicles is still on the increase, while in
other countries also there is a general tcudenc} in t u
direction of increased consumption of petroleum pro
ducts, not only of gasoline but also of other products
such as diesel oil, fuel oil and lubricating oil. ihe
growth in demand, it is true, may be checked by exces
sive taxation of petroleum products, and by the now
popular policies of fostering production ot substitutes
at the expense of consumers and taxpayers, but the
internatLnal oil interests would appear to entertain
little fear of any marked contraction in the demand for
mineral oil products m the near future if one to
judge at least by the steps now being taken to ^ ^
new sources of crude oil supplies ,n , ^ ri0U '
regions, including Mesopotamia and ^e ^ores of tl
Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. , the Dutch East Indies and New Guinea,
and parts of South America. It must be remembered,
however, that the oil groups' activities in this direction
are dictated largely by a proper recognition oi tne
possibility of the exhaustion of existing resources in
due course, a possibility which was emphasised this
week in Sir John Cadman's paper at the opening session
of the World Power Conference in New \ork. vVitliout
expressing any opinion as to their accuracy, bir John
mentioned that recent estimates in various technical
publications suggested that the world's oil supply would
last only another 20 years. The risk ot an early scarci y
of oil may be not quite so serious as these estimates
imply, but there can be no questioning the importance,
both from the consumers' and the industry s own stan 1 -
point, of the exploration of new areas of production and
the conservation of existing oil supplies.

About this item

Content

The volume contains correspondence and telegrams between the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. in Bahrain, the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in Bushire, the Financial Adviser to the Government in Bahrain, Charles Dalrymple Belgrave, and representatives of the Bahrain Petroleum Company Limited (BAPCO) on the pipe line to be built between Bahrain and Saudi Arabia and on the unallotted area in Bahrain.

The volume includes:

There are maps within the volume:

There are letters in Arabic, to and from the Sheikh of Bahrain, Hamad bin Isa al Khalifah.

There are notes at the end of the volume (ff. 292-310).

Extent and format
1 file (318 folios)
Arrangement

The documents in the volume are mainly arranged in chronological order. There are notes at the end of the volume (folios 292-310). The notes are arranged chronologically and refer to documents within the volume; they give brief description of the correspondence with a reference number in red crayon, which refers back to that correspondence in the volume.

Physical characteristics

The foliation is in pencil in top right corner. The numbering starts on first page with writing (4th folio in volume) with 1a,1b; then 2-72; 73A,73B; 74-87; 88, 88A; 102A,102B; 103-190; 191-196 are missing or skipped; and then it carries on until 310, which is the last number given on the last page of writing (4 blank pages at the end of the volume). An additional foliation sequence, since crossed out, starts with 52 on folio 231.

Written in
English and Arabic in Latin and Arabic script
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'File 10/1 XIII Bahrain Oil Concession' [‎240r] (492/640), British Library: India Office Records and Private Papers, IOR/R/15/2/400, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100024103760.0x00005b> [accessed 29 March 2024]

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