King: Sheikh Hamad bin Isa al-Khalifah Sheikh Hamad's title changed to king when Bahrain switched from being an emirate to a monarchy in February 2002. 1913 - Britain and the Ottoman government sign a treaty recognising the independence of Bahrain but the country remains under British administration.1931 - The Bahrain Petroleum Company (Bapco), a subsidiary of the Standard Oil Company of California (Socal), discovers oil at Jabal al-Dukhan and production begins the following year. 1939 - Britain decides that the Hawar Islands which lie in the Gulf of Bahrain between Bahrain and Qatar belong to Bahrain not Qatar. 1961 - Sheikh Isa Bin-Salman Al Khalifah becomes ruler of Bahrain. 1968 16 January - Britain announces it will close its bases east of Suez by 1971. 1970 19 January - The Administrative Council becomes a 12-member Council of State, headed by a president, the ruler's brother, Sheikh Khalifah Bin-Salman Al Khalifah.
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