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Red Line Agreement
The Red Line Agreement is an agreement signed by partners in the Turkish Petroleum Company (TPC) on July 31, 1928, in Ostend, Belgium. The agreement was signed between the Anglo-Persian Company (later renamed British Petroleum), Royal Dutch/Shell, Compagnie Française des Pétroles (later renamed Total), Near East Development Corporation (later renamed ExxonMobil) and Calouste Gulbenkian (''Mr. Five Percent''), who retained a 5% share. The aim of the agreement was to formalize the corporate structure of TPC and bind all partners to a "self-denial clause" that prohibited any of its shareholders from independently seeking oil interests in the ex- Ottoman territory. It marked the creation of an oil monopoly, or cartel, of immense influence, spanning a vast territory. The cartel preceded the Organization of Petroleum Exporting Countries (OPEC), which was formed in 1960. The essence of the Red Line Agreement was already formulated in clause 10 of the Association Agreement of March 1 ...
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Arabian Peninsula
The Arabian Peninsula (, , or , , ) or Arabia, is a peninsula in West Asia, situated north-east of Africa on the Arabian plate. At , comparable in size to India, the Arabian Peninsula is the largest peninsula in the world. Geographically, the Arabian Peninsula comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates (UAE) and Yemen, as well as southern Iraq and Jordan. The largest of these is Saudi Arabia. In the Roman era, the Sinai Peninsula was also considered a part of Arabia. The Arabian Peninsula formed as a result of the rifting of the Red Sea between 56 and 23 million years ago, and is bordered by the Red Sea to the west and south-west, the Persian Gulf and the Gulf of Oman to the north-east, the Levant and Mesopotamia to the north and the Arabian Sea and the Indian Ocean to the south-east. The peninsula plays a critical geopolitical role in the Arab world and globally due to its vast reserves of petroleum, oil and natural gas. Before the mod ...
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1928 In Turkey
Events in the year 1928 in Turkey.Türkiye'nin 70 yılı, Tempo, İstanbul, 1998, pp 39–44 Parliament * 3rd Parliament of Turkey Incumbents *President of Turkey, President – Kemal Atatürk *Prime Minister of Turkey, Prime Minister – İsmet İnönü Ruling party and the main opposition * Ruling party – Republican People's Party (CHP) Cabinet *5th government of Turkey Events *3 February – First hutbe in Turkish * 10 April – State declared secular. ( ''see'' Secularism in Turkey) *31 March – List of earthquakes in 1928, Earthquake around Torbalı (west Anatolia) *23 May – Turkish citizenship law *28 June – Nation schools () a project to increase the literacy rate *26 June – An academic committee to research on the adoptation of Latin alphabet to Turkish language *9 August – Kemal Atatürk announced that Turkish alphabet (a version of Latin alphabet, devoid of q, w and x and with the addition of ç, ş, ğ, ı, ö and ü) will replace the traditional Ara ...
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1928 In Iraq
Nineteen or 19 may refer to: * 19 (number) * One of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (1987 film), a 1987 science fiction film * '' 19-Nineteen'', a 2009 South Korean film * '' Diciannove'', a 2024 Italian drama film informally referred to as "Nineteen" in some sources Science * Potassium, an alkali metal * 19 Fortuna, an asteroid Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album '' 63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle * "Stone in Focus", officially "#19", a composition by Aphex Twin * "Nineteen", a song from the 1992 album ''Refugee'' by Bad4Good * "Nineteen", a song from the ...
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Edwin Black
Edwin Black (born February 27, 1950) is an American historian and author, as well as a print syndication, syndicated columnist, investigative journalist, and weekly talk show host on The Edwin Black Show. He specializes in human rights, the historical interplay between economics and politics in the Middle East, petroleum policy, academic fraud, corporate criminality and abuse, and the financial underpinnings of Nazi Germany. Biography Early years Black is the son of Holocaust survivors from Poland. His mother, Ethel "Edjya" Katz, from Białystok, told of narrowly escaping death during the Holocaust by escaping a boxcar en route to the Treblinka extermination camp as a 13-year old in August 1943. After escaping, she was shot by militiamen and then rescued by a Polish Jewish fighter whom she later married.Betty Kliewer"Ethyl Black Inspired a Generation with Holocaust Survival,"''The Cutting Edge News,'' Feb. 15, 2005. Black's father described escaping death by fleeing to the wood ...
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Daniel Yergin
Daniel Howard Yergin (born February 6, 1947) is an American author, economic historian, and consultant within the energy and economic sectors. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022. He founded Cambridge Energy Research Associates, which IHS Markit acquired in 2004. He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning ''The Prize: The Epic Quest for Oil, Money, and Power,'' (1991) ''The Quest: Energy, Security, and the Remaking of the Modern World'' (2011), and ''The New Map: Energy, Climate, and the Clash of Nations'' (2020). Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as ''The Wall Street Journal'', ''The New York Times'', ''The Washington Post'', and the ''Financial Times''. All of Yergin's books have been drafted in long-hand. He is affiliated with multiple organizations, as a di ...
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Bahrain Petroleum Company
The Bahrain Petroleum Company (BAPCO) is an integrated petroleum company that is the national oil company of Bahrain. It was founded in 1929 and discovered the first oil field in the Persian Gulf outside of Iran in 1932. Shipments of crude oil commenced in 1934 and in 1936 the first refinery in the Gulf outside of Iran was built. The founders were the American Standard Oil of California, which was soon joined by Texaco, operating under British rule. While Bahrain never was a high-volume crude oil producer, the American joint venture a few years later came into possession of the vast Saudi Arabian oil reserves, which are located on the mainland in the vicinity of Bahrain Island. Supplied from the mainland, the refinery though exceeded the capacity of the Bahrain oil field from its inception and was among the largest in the region. Overview BAPCO was established in 1929 in Canada by Standard Oil Company of California for oil exploration activities in Bahrain. It took over Bahr ...
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ARAMCO
Saudi Aramco ( ') or Aramco (formerly Arabian-American Oil Company), officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. , it is the fourth- largest company in the world by revenue and is headquartered in Dhahran. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than , and largest daily oil production of all oil-producing companies. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2024, its oil production total was 12.7 million barrels of oil equivalent per day, and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Along the Eastern Province, Saudi Aramco most notably operates the Ghawar Field (the world's largest onshore oil field) and the Safaniya Field (the world's largest offshore oil field).
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Stephen Hemsley Longrigg
Stephen Hemsley Longrigg OBE (7 August 1893 – 11 September 1979) was a British military governor, petroleum company manager and a leading authority on the history of oil in the Middle East. Early life and career Longrigg was born in Sevenoaks, Kent and educated at Highgate School in London, where he won the Governors' gold medal and was later Chairman of Governors from 1954 - 1965. After winning a scholarship to study Classics at Oriel College, Oxford, where he gained a 1st in Honour Moderations, he served in the Royal Warwickshire Regiment from 1914, was twice mentioned in dispatches and then returned to Oxford from Iraq for his MA degree at the end of his military service in 1921. He then joined the British Administration in Iraq and served as Inspector-General of Revenue between 1927 and 1931. It was during this time that he wrote '' Four Centuries of Modern Iraq'' (1925), a history of Iraq under the Ottoman Empire. Career with the Iraq Petroleum Company In 1931, as part of ...
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Standard Oil Of New Jersey
Exxon Mobil Corporation ( ) is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the modern company was formed in 1999 following the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the seventh-largest company by revenue in the U.S. and 13th-largest in the world. It is the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard Group (8.15%), BlackRock (6.61%), and State Street Corporation (4.83%). The company has been widely criticized and sued, mostly for environmental incidents and its history of climate chang ...
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