Vacation trip to hawaii for King Ibn Saud was looking for potential sources of revenue and in 1933 signed an agreement with Socal. The company gained the right to drill for oil in the desert nation in exchange for an annual rent and substantial loans to the Saudi government. In 1936, Texaco joined Socal in exploring Saudi Arabia and production began in 1939. A decade later, in 1949, the Trans-Arabian Pipeline took Saudi oil across SYRIA and LEBANON to the Mediterranean Sea, where tankers could then send it to Europe. Thus, King Ibn Saud succeeded in transforming himself from a desert warrior into a major world political figure. Oil companies also found substantial deposits in KUWAIT. Intially BP and Gulf struggled for control of oil rights in this small Middle Eastern country. Vacation trip to hawaii 2016.