Following the 1901 #DArcyConcession, in which the #Qajar dynasty of #Iran sold all the (potential) oil to be found in the country in exchange for 16% of the profits, a dash to find #oil deposits led to the first major #OilStrike in the #MiddleEast, on #ThisDayInHistory in 1908.
May 26, 2026 at 1:30 PM
Following the 1901 #DArcyConcession, in which the #Qajar dynasty of #Iran sold all the (potential) oil to be found in the country in exchange for 16% of the profits, a dash to find #oil deposits led to the first major #OilStrike in the #MiddleEast, on #ThisDayInHistory in 1908.