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Oil Rights in Arabia Acquired by Eastern and General Syndicate

June 11, 1924
See Original Daily Bulletin From This Date

The rights to the oil fields in the territory of Nejd on the Arabian peninsula, in the section of Hassa, have been acquired from the Sultan of Nejd by Major Frank Holmes, who is acting on behalf of the Eastern and General Syndicate, according to reports from Bagdad in the “Egyptian Gazette.”

A survey of the cils in this territory is now being made by Dr. Heim, the well-known Swiss geologist. It is expected that drilling will begin next autumn.

It is also stated that Major Holmes has completed a new arrangement for the leasing of the oil rights over a large area east of the Nejd territory, and partly in the boundaries under the rule of the Sheik of Koweit.

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