'ECONOMIC DEVELOPMENTS IN SAUDI ARABIA' [‎5r] (9/24)

E X T R , A.JLT
)
REVIEW OF MIDDLE EAST PRESS.
SAUDI ARABIA .
37. The trans Arabian pipeline.
The transarabian Pipeline Corporation has just finished
the first mile of the pipeline from the Saudi Arabian field to
the Mediterranean - a distance of 1,075 miles.
Mr. Hull, President of the Tapline stated that
" construction would progress in future at the rate of one
mile a day. About 40 miles of 30 in pipes and 40 miles of 31
in pipes and 40 miles of 30 inch pipes have been discharged
at Has Miskah, the company^ new port on the Persain Gulf.
(Commerce du Levant A geographical area corresponding to the region around the eastern Mediterranean Sea. , 10 April *48)
(La Revue d*Egypte Economique et
Fiananciere,)
38. Saudi Arabian National Bank.
The Saudi Arabian Government has decided to create a
National Bank at Jeddah, working under governmental control.
A large building in course of construction will the offices
of the new bank.
‘
(Commerce du Levant A geographical area corresponding to the region around the eastern Mediterranean Sea. , 10 April '483
(La Revue d*Egypte Economique et
Fiananciere )
39. The Oilfields of Dhahran.
(extracts from an article by H.St. J.B. Philby).
The town of Dhahran has grov;n out of all recognition
during recent years, though the world-wide shortage of build
ing materials has slowed dov/n the development and necessitated
the use of temporary wooden house made on the spot, which for
comfort and convenience compare favourably with the accommod
ation available in many places J of much longer standing.
This oil industry employs, directly or indirectly, some
3,000 Americans including women and children, and no fewer
than 17,000 Arabs, for whom an expensive model town has been
built, in which the original temporary accommodation is as
rapidly as possible, being replaced by spacious and very
xpip comfortable brick buildings, around an imposing mosque.
At the present moment there are four groups of producing
wells in the area of the Aramoo concession: located
respectively at Abu Hadriya, Qatif, Dhahran itself, and
Abqaia.
The tot^l oil production of these four groups together
is running at present at approximately 300,000 barrels a day,
with every prospect of this production being doubled in
the near future, when the great 32 inch steel pipeline is
ready to carry the oil to the Mediterranean coast.
The southern terminus of the pipeline will be at Abqaiq,
i
/ which