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PETE 201, Lesson 9 Homework Exam Questions & Answers (Grade A+).docx

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PETE 201, Lesson 9 Homework Exam Questions & Answers (Grade A+).docx

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PETE 201, Lesson 9 Homework Exam
Questions & Answers (Grade A+)
Which Middle Easter country had been producing large amounts of
oil before Saudi Arabia; which company operated there and got
thrown out? -
correct answer ✅Iran—Anglo Iranian Oil Co


Which Western country's influence was growing in Saudi Arabia in
the
1930s? Which country's influence was decreasing? -
correct answer ✅USA growing; Great Britain decreasing


Which company (and the country it was from) was the first to be
granted major concessions to search for oil in Saudi Arabia? -
correct answer ✅Standard of California--USA


Did the first American company find oil easily in Saudia—did they
find oil right away? (Saudia is sometimes used as shorthand.) -
correct answer ✅No


Where in the Western Hemisphere did major oil companies lose the
right to exploit oil reserves about the same time as major oil
discoveries were being made in Saudi Arabia? -
correct answer ✅Mexico

, PETE 201, Lesson 9 Homework Exam
Questions & Answers (Grade A+)

Today the national oil company in Saudi Arabia is named Saudi
Aramco. Originally it was just Aramco. What four American
companies eventually made up Aramco (today's company names)?
-
correct answer ✅Chevron, Texaco, Exxon, Mobil


What is the origin of the name "Aramco"? -
correct answer ✅Arabian American Oil Company


What happened on the world oil market when Iran tried to sell its
oil after it nationalized the assets of the Western oil company? -
correct answer ✅Other countries boycotted Iranian oil


What political intrigue did the West perpetrate in Iran after oil
assets were nationalized there? Which countries collaborated in
this intrigue? -
correct answer ✅Helped overthrow the government behind the
scenes using the CIA
and MI-6—USA and Great Britain

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