Long-Berenger Oil Agreement
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Long-Berenger Oil Agreement
The San Remo Oil Agreement was an agreement between Britain and France signed at the San Remo conference on 24 April 1920. As a result of the agreement, the French Compagnie Française de Petroles (CFP) acquired a 25% share in the Turkish Petroleum Company (TPC). The other shareholders were the Anglo-Persian Oil Company (APOC) with 47.5%, the Anglo Saxon Petroleum Co 22.5% and the remaining 5% Calouste Gulbenkian. Background On 19 March 1914, the British and German governments had signed an agreement whereby the interest of National Bank of Turkey in TPC was transferred to APOC. The newly reconstituted TPC then applied for a concession for Mesopotamian oil which was granted subject to various conditions at which point World War I intervened. In December 1918, the British expropriated the 25% share of Deutsche Bank in TPC.Earle, Edward Meade 1924 The Turkish Petroleum Company:A Study in Oleaginous Diplomacy Political Science Quarterly, vol. 39, no. 2, pp. 265-279 It was this lat ...
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San Remo Conference
The San Remo conference was an international meeting of the post-World War I Allied Supreme Council as an outgrowth of the Paris Peace Conference, held at Villa Devachan in Sanremo, Italy, from 19 to 26 April 1920. The San Remo Resolution passed on 25 April 1920 determined the allocation of Class "A" League of Nations mandates for the administration of three then-undefined Ottoman territories in the Middle East: "Palestine", "Syria" and "Mesopotamia". The boundaries of the three territories were "to be determined t a later dateby the Principal Allied Powers", leaving the status of outlying areas such as Zor and Transjordan unclear. The conference was attended by the four Principal Allied Powers of World War I who were represented by the prime ministers of Britain (David Lloyd George), France (Alexandre Millerand), Italy ( Francesco Nitti) and by Japan's Ambassador Keishirō Matsui. Prior events It was convened following the February Conference of London where the allies m ...
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Petroleum Politics
Petroleum politics have been an increasingly important aspect of diplomacy since the rise of the petroleum industry in the Middle East in the early 20th century. As competition continues for a vital resource, the strategic calculations of major and minor countries alike place prominent emphasis on the pumping, refining, transport, sale and use of petroleum products. Quota agreements The Achnacarry Agreement or "As-Is Agreement" was an early attempt to restrict petroleum production, signed in Scotland on 17 September 1928. The discovery of the East Texas Oil Field in the 1930s led to a boom in production that caused prices to fall, leading the Railroad Commission of Texas to control production. The Commission retained ''de facto'' control of the market until the rise of OPEC in the 1970s. The Anglo-American Petroleum Agreement of 1944 tried to extend these restrictions internationally but was opposed by the industry in the United States and so Franklin Roosevelt withdrew from the ...
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Energy Treaties
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass when ...
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