The BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain.[1][2] It took over Bahrain's assets of Gulf Oil.[1] In 1930 it obtained the only oil concession in Bahrain.[3] On 31 May 1932, the company discovered the Awali oil field. In 1936 the Standard Oil Company of California signed an agreement with Texaco, which acquired a half of BAPCO's shares.
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