Here's a pretty comprehensive discussion of the history, which actually points to World War One being initiated as the first of many wars by colonial powers over control of Middle Eastern oil:
> "By 1912, German industry and government realized that oil was the fuel of its economic future and similarly to Britain it needed a supply of its own that would reduce their import dependency. Upon discovering more fields between Mosul and Baghdad where the last part of the rail link would go led to further potential friction with Britain and the necessity to protect its interests in the areas that surrounded the link which the Deutsche Bank negotiated in the same year. This would’ve provided the German government with an overland route to ship the oil out of Mesopatamia without the need to confront the British over Kuwait." [1]
[1] https://carlcymrushistoryblog.wordpress.com/2014/04/18/the-b...