Historical Events tagged with "oil discovery"

Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.

Economics & Industry

First Major Oil Strike in the Middle East

May 26th, 1908 116 years ago

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.

Continue Reading