The establishment of the Turkish Oil Company and the control of foreign greed over Iraqi oil

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Naba Ibrahim Mazloum, Dr. Widad Jaber Ghazi

Abstract

The United States of America appeared as a strong competitor to the Germans and the British in controlling oil (1), and Britain tried to obtain concessions for oil exploration, but the Federalists revolution occurred in Istanbul, so the oil talks stopped in 1908 (2), and Britain tired of the method of deception and temptation with the Ottoman Empire in order to strike a project The railway, and it established the (Turkish National Bank) in 1910, which was able to finance Ottoman projects with British capital, and this bank was able to obtain an important share of Iraqi oil (3), and with the efforts of the English-German financier, Sir Ernest Cassel, to work on Encouraging the investment of British capital in the Ottoman Empire, and this required consulting Gulbenkian, who became one of the directors of the bank. Ernst Castle and Gulbenkian realized that it was not possible to reach a satisfactory settlement of the problem of claiming Iraqi oil except in cooperation with German interests represented by the German bank that controls the Anatolian and Baghdad railway companies. British and German interests found their competition making it difficult for the authorities The Ottoman Empire granted the concession to either of them, and the American intrusion represented by the Jester concession threatened the interests of the two parties, so they tended to cooperate and form one front (4).





 


 

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Naba Ibrahim Mazloum, Dr. Widad Jaber Ghazi