Gold Saud 4 Pounds (Quadruple Sovereign) Coin. Denomination: Gold Saund 4 Pounds (Quadruple Sovereign) Condition. Certified and graded by NGC as AU details: cleaned! 917 Weight: 31.95gm. Obverse: American heraldic eagle with US shield at chest, olive spray in right claw thunderbolts in right claw. Legend: PHILADELPHIA – U. Reverse: Incuse table with three lines of text showing gold content. Legend: GROSS WEIGHT – 493.1 GRAINS / NET WEIGHT. / FINENESS 916 2/3. The standard catalogue of world coins mentions, that most of these were melted into bullion. , officially the Saudi Arabian Oil Company , most popularly known as Aramco is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. Making it the world’s most valuable company. Saudi Aramco has both the largest proven crude oil reserves, at more than 260 billion barrels (4.1×1010 m3), and largest daily oil production. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco operates the world’s largest single hydrocarbon network, the Master Gas System. Its yearly production is 3.479 billion barrels (553,100,000 m3), and it managed over 100 oil and gas fields in Saudi Arabia, including 284.8 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco owns the Ghawar Field, the world’s largest oil field, and the Shaybah Field, another one of the world’s largest oil fields. Saudi Aramco’s origins trace to the oil shortages of World War I and the exclusion of American companies from Mesopotamia by the San Remo Petroleum Agreement of 1920. The US Republican administration had popular support for an’Open Door’ policy, which Herbert Hoover, secretary of commerce, initiated in 1921. Standard Oil of California (SoCal) was among those US companies actively seeking new sources of oil from abroad. SoCal through its subsidiary company, the Bahrain Petroleum Co. (BAPCO), struck oil on Bahrain in May 1932. This event heightened interest in the oil prospects of the Arabian mainland. The concession allowed Socal to explore for oil in Saudi Arabia. SoCal assigned this concession to a wholly owned subsidiary called California-Arabian Standard Oil Co. In 1936, with the company having had no success at locating oil, the Texas Oil Co. After four years of fruitless exploration, the first success came with the seventh drill site in Dhahran in 1938, a well referred to as. This well immediately produced over 1,500 barrels per day (240 m3/d), giving the company confidence to continue. On 31 January 1944, the company name was changed from California-Arabian Standard Oil Co. To Arabian American Oil Co. The newcomers were also shareholders in the Iraq Petroleum Co. And had to get the restrictions of the Red Line Agreement lifted in order to be free to enter into this arrangement. In 1950, King Abdulaziz threatened to nationalize his country’s oil facilities, thus pressuring Aramco to agree to share profits 50/50. A similar process had taken place with American oil companies in Venezuela a few years earlier. In the wake of the new arrangement, the company’s headquarters were moved from New York to Dhahran. In 1973, following US support for Israel during the Yom Kippur War, the Saudi Arabian government acquired a 25% stake in Aramco. It increased its shareholding to 60% by 1974, and finally took full control of Aramco by 1980, by acquiring a 100% percent stake in the company. Aramco partners continued to operate and manage Saudi Arabia’s oil fields. In November 1988, a royal decree changed its name from Arabian American Oil Co. To Saudi Arabian Oil Co. (or Saudi Aramco) and took the management and operations control of Saudi Arabia’s oil and gas fields from Aramco and its partners. It officially cut all oil supply to Israel the same year by order of the CEO. Following the events that unfolded in 1988, Saudi Aramco became a fully owned, privately held company. The item “1946, Saudi Arabia. Gold Saud 4 Pounds (Quadruple Sovereign) Coin. NGC AU+” is in sale since Monday, June 3, 2019. This item is in the category “Coins & Paper Money\Coins\ World\Middle East\Saudi Arabia”. The seller is “coinworldtv” and is located in Europe. This item can be shipped worldwide.
- Composition: Gold!
- Certification Number: 4790540-014
- Certification: NGC
- Grade: AU (details: cleaned!)
- Year: 1945-1946