ARAMCO.

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Middle East Oil Development: 4th Edition. The 1956 iteration of this report on the oil trade in the Gulf, first issued as Summary of Middle East Oil Developments in 1947. This edition was published shortly before Suez Crisis and the formation of OPEC, reflecting a time of great change in the industry."During the past ten years the Middle East's oil has practically replaced the Western Hemisphere's in the markets of the Eastern Hemisphere. It now provides 90 per cent of the crude oil imported into Europe" (p. 1). This volume details the historical background to the discovery and refinement of oil across the Middle East. Additionally, it reports on crude production levels and revenue statistics from 1946 to 1955 and contains maps showing oil movements throughout the world.

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