Negotiation of new petroleum concession between Bahrain and Bahrain Petroleum Company (BAPCO)

This file relates to the Bahrain Petroleum Oil Company Limited (BAPCO). It contains:

• BAPCO monthly oil reports for December 1962 to December 1963 (1-2)
• Two letters from BAPCO to the Ruler of Bahrain Sheikh Isa Bin Salman Al Khalifa about new pricing agreements (3)
• Letter from BAPCO to the Ruler relinquishing the company's rights in the Hawar Islands area. It also contains an illustrative map (4)
• Letter from BAPCO to the Ruler on the problem of the Ruler's refusal to allow drilling on Umm Al Nasan because it is private property and not part of the Bahrain state (5)
• Correspondence relating to BAPCO's income tax declaration for 1962, which shows that the Ruler has accepted the company's suggestion for changes in structure of pricing agreements and BAPCO's relinquishment of the Hawar Island area (6)
• BAPCO's Annual Report for 1962, which includes a photograph of Sheikh Isa (7-8)

This file also contains correspondence relating to:

• Bahrain Government's wish to revise some of the articles in the 1934 agreement with BAPCO, giving the Ruler more direct control (9)
• Establishment of a new Oil Affairs Bureau, headed by Yusef Shirawi, in the Bahrain Government Finance Department (10)
• Allegedly serious misunderstanding between the Bahrain government and BAPCO over the calculation of profit made by the Bahrain refinery (11)
• Bahrain Government's wish to consolidate and bring up to date its agreements with BAPCO and the question of whether a political agreement between HMG and the company is necessary. It contains a draft Deed of Consolidated Agreement drawn up by the Bahrain government's solicitors (12)
• Ruler's wish to omit the 1940 political agreement (13)
• Point raised by the President of BAPCO that it would be legally unsatisfactory to have provisions in a revised concession agreement which are contradictory to the provisions of the 1940 political agreement (14)
• Negotiations for a new concession agreement and the BAPCO President's discussions with the Political Resident in the Persian Gulf W H T Luce (15, 17)
• HMG's agreement with the Ruler's wish to modernise its concession agreement with BAPCO (16)
• Consolidation of the agreement; Fasht Al Jarim exploration; and refinery profit (18)