Economics & Industry

First Major Oil Strike in the Middle East

In southwest Persia, a significant oil strike was achieved at Masjed Soleyman. This discovery marked a turning point in the demand for oil as a vital resource. The rise in exploration efforts quickly attracted interest from major companies. The Anglo-Persian Oil Company swiftly secured rights to the newly discovered resource, spearheading a new era of industrial growth and economic change in the region. This finding not only illuminated the economic potential of oil but also attracted international scrutiny and investment.

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