Oil has played an important role in the history of Dubai and has been an essential element in transforming Dubai from the tiny fishing village to an extravagant town. Oil was first discovered here in the year 1966 at the offshore of the Fateh Field. The first shipment of oil that was exported was approximately 180 thousand barrels. Oil played an important role in generating revenue, and with more revenue coming to the town, more and more buildings and architectures were coming into place making Dubai what it is today.