August 7, 1939 (June 22) JiMao, Mobil Oil allowed the exploitation of Arab oil.

1939, Ibn - Saudi King the exploitation of oil in Saudi Arabia, the entire territory of the privileges granted to Mobil, California. Although the king has received $ 1.5 million worth of gold a year will get $ 1.5 million of revenue and user fees levied petroleum origin of these companies find oil, but the oil exploration concession granted to a U.S. company The decision was made the king of the other countries do not trust. (History www.TodayOnHistory.com)
Italy for several years has been trying to get this lucrative concession, and to seek the help of Germany recently. Britain and France is defiantly. According to Ibn - Saudi agent for Mobil Oil, the Japanese bid is three times that of the Americans, the only requirements to get the license for one-third of the oil-producing, but was rejected.
the king chose the U.S. because the U.S., unlike other countries, the political ambitions of his country. Mobil Oil Company in Saudi Arabia There have been smaller oil concession mining rights and the another American Oil Company - Texas Oil share this servant mining rights.