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In the 19th century First oil discoveries In 1962, the company In the 19th century as a result of treaties (known as "truces" which gave the coast its name) entered into between Great Britain and the sheikhs of the Arab States of the Persian Gulf, Britain became the predominant influence in the area.[15] The main purpose of British interest was to protect the trade route to India from pirates, hence the earlier name for the area, the "Pirate Coast". After piracy was suppressed, other considerations came into play, such as a strategic need of the British to exclude other powers from the region. Following their withdrawal from India in 1947, the British maintained their influence in Abu Dhabi as interest in the oil potential of the Persian Gulf grew.[16] First oil discoveries In the mid to late 1930s, as the pearl trade declined, interest grew in the oil possibilities of the region. On 5 January 1936, Petroleum Development (Trucial Coast) Ltd (PDTC), an
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