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Coll 6/76 'Saudi Arabia: Oil concessions over the Red Sea littoral.' [74r] (147/157)
The record is made up of 1 file (77 folios). It was created in 5 Mar 1936-14 Jan 1937. It was written in English. 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. .
Transcription
This transcription is created automatically. It may contain errors.
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3. Mr. Jansen had told Mr. Skliros that Xhn Snud
had virtually screed to an arrangement hy which the
concessionnairee should hold an option tor i'mur years
for a payment of five thousand pounds golu per annum.
During that period prospecting would he carrieo out.
If no oil were found the option would he surrenderee,
hut if oil wer^ found, a concession would oe granted
corresponding to the concession held by the Standard
Oil of California on the Hasa coast, i.e. royalties
would he payable at the rate of four shillings gold
per ton, the Company would undertake to drill ten
thousand feet in the first ten years and twenty
thousand feet in the next ten years, and would enjoy
exemption from taxation, the right to build harbours
etc. Ibn Baud would, however, retain the right to
grant other concessions to other companies, who would
in turn possess the right to build pipe lines across
the territory granted by the present concession.
4. Mr. Skliros, who had, I gathex> been eonct rned
in formulating these terms, was prepared to buy the
option and concession^ir they corresponded to thee
terms^for a cash payment of twenty thousand pounds
sterling cash down, and another twenty thousand pounds
sterling if and when the definite concession was taken
up at the end of four years when the option expired.
Re was only prepared to do this, however, if hr.
Ydlibi and hie associates really held a promise from
Ibn Baud, or were in a specially favourable position
to secure the concession. If this was not the case
he would much rather deal with Ibn Baud direct and
not have to purchase the concession from an intermediary.
5. Mr. Skliros was, in fact, increasingly doubtful
whether/
About this item
- Content
This file primarily relates to oil concessions in Saudi Arabia along the Red Sea coast. Much of the correspondence discusses the progress and outcome of negotiations between the Saudi Government and Petroleum Concessions Limited.
The correspondence includes discussion of the following:
- Whether the Farsan Islands will be included in the Red Sea coast concession.
- Foreign Office concerns that one or more non-British companies (from the United States, France, or Italy) might compete with Petroleum Concessions for the concession.
- A trip to Jedda in late 1936, undertaken by Lieutenant-Colonel Ralph Micklem, a director of Selection Trust Limited, a British company interested in securing a mining concession from the Saudi Government.
The file features the following principal correspondents: His Majesty's Minister at Jedda (Sir Andrew Ryan, succeeded by Sir Reader William Bullard); His Majesty's Chargé d'Affaires, Jedda (Albert Spencer Calvert); officials of the Foreign Office.
The file includes a divider which gives a list of correspondence references contained in the file by year. This is placed at the back of the correspondence (folio 2).
- Extent and format
- 1 file (77 folios)
- Arrangement
The papers are arranged in approximate chronological order from the rear to the front of the file.
- Physical characteristics
Foliation: the foliation sequence (used for referencing) commences at the inside front cover with 1, and terminates at the last folio with 78; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.
- Written in
- English in Latin script View the complete information for this record
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Coll 6/76 'Saudi Arabia: Oil concessions over the Red Sea littoral.' [74r] (147/157), British Library: India Office Records and Private Papers, IOR/L/PS/12/2149, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100056118417.0x000096> [accessed 24 April 2024]
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Copyright: How to use this content
- Reference
- IOR/L/PS/12/2149
- Title
- Coll 6/76 'Saudi Arabia: Oil concessions over the Red Sea littoral.'
- Pages
- front, front-i, 2r:13v, 15r:59v, 62r:78v, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence