Political and commercial geology and the world's mineral resources — John Shaqi
Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
All recent concessions for the exploitation of oil properties contain a
provision stating that the concession will be declared null if any of
the rights are transferred to any foreign government. The provisions
and the intent of a series of presidential decrees issued on February
19, 1918, July 8, 1918, July 31, 1918, and August 1, 1918, are to
nationalize all petroleum lands and to permit them to be worked only
by Mexican citizens or by companies that agree to consider themselves
Mexican and further agree not to invoke the protection of their
governments. A bill was presented in December, 1918, to carry out
Article 27 of the new constitution, but thus far no action has been
taken in the matter. The decrees and legislation growing out of Article
27 have been protested by the chief petroleum companies operating in
Mexico and by their respective governments.
Commercial control of the petroleum resources of the _Dutch East
Indies_ is in the hands of the Royal Dutch-Shell Syndicate and is
essentially absolute by reason of the restrictions contained in the
Netherlands East India Mining Act and subsequent supplements on foreign
acquisition of mining rights in the East Indian Archipelago. Actual
control is in the hands of the Bataafsche Petroleum Maatschappij,
which has a capital of $56,000,000 divided into five shares, three of
which are owned by the Royal Dutch Petroleum Co., and two by the Shell
Transport Trading Co. (British). Purely British interests control an
inconsequential production of petroleum in British North Borneo and in
Sarawak.
Prospecting licenses and concessions are granted only to Dutch subjects
and to Dutch companies. It is officially stated that the object of
these restrictions is not to exclude foreign capital; this is precisely
their effect, and on account of the economic monopoly which the Royal
Dutch-Shell now has of the petroleum industry of the Dutch East Indies,
it would be very difficult for any new enterprise to gain a foothold.
Commercial control of the petroleum resources of _India_ is exercised
by the Burma Oil Co. through its dominance of production, refineries,
and pipe-line facilities, and by reason of agreements as to marketing
with its principal competitor, the British Burma Petroleum Co., both
controlled by British capital. The Burma Oil Co. is allied with, if not
directly controlled by, a group of British financiers, one or more of
whom is interested in companies in Trinidad and in Persia.
Public-domain text, read in full here on John Shaqi.
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