Oral History Interview with William Tucker, September 25, 1985 Page: 95
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95
the rocky times, the Bahrain government gradually bought
out all the partners, and it's now a national venture.
They've managed to operate it, and I think on the whole they
consider it a good venture. It employs a certain number of
people, and it uses their resources.
So we helped them find other sources of revenue as
well as tried to find ways to accommodate them. My involve-
ment in the renegotiation of the concessions was that the
old mining lease was obviously out-of-date. As Saudi
Arabia negotiated participation by the Saudis in the
Aramco concession--that started at 25 percent, as I recall,
and went to 50 percent or maybe 75 percent and eventually
100 percent participation--Bahrain saw that happening when
it began to happen, and they had to have similar arrangements,
For a while we sort of followed in Bahrain what was going
on in Saudi Arabia. Eventually, the oil field and the gas
production became a 100 percent national enterprise, We
negotiated service contracts to operate it for them or to
assist them to develop it themselves to where they could
operate it.
When we got to the refinery, though, we had kind of aunique animal because the refinery was refining foreign
crude oil brought over from Saudi Arabia as well as their
own crude oil. There was no pattern for this. In the
meantime, the price of products was dragging the crude
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Marcello, Ronald E. & Tucker, William. Oral History Interview with William Tucker, September 25, 1985, book, September 25, 1985; Denton, TX. (https://texashistory.unt.edu/ark:/67531/metadc2137858/m1/97/?q=%22~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Oral History Program.