The World-Struggle for OilL'Espagnol de la Tramerye, Pierre Paul Ernest
History
The World-Struggle for Oil
L'Espagnol de la Tramerye, Pierre Paul Ernest
Petroleum; Petroleum industry and trade; War -- Economic aspects
In this manner were created the _Société pour l'Exploitation des
Pétroles_ in July, and the _Société Maritime des Pétroles_ in August
1919, the former with a capital of 20 million francs, and the
latter of 10 million francs. In the first of these companies five
out of nine of the directors bear names well-known in the _Royal
Dutch_: Deterding, Gulbenkian (the Talleyrand of oil), Colijn, who
at one time nearly succeeded Deterding and who has been Minister
of War in the Netherlands, Cohen, Jonckheer, Hugo. France has only
a minority on the Board of this "French" company, for M. Deutsch
de la Meurthe, whose influence brought over the Cartel of Ten from
the side of the _Standard_ to that of the _Royal Dutch_, is little
more than the mouthpiece of London and The Hague. The _Royal Dutch_,
besides, subscribed 60 per cent. of the capital of the _Société pour
l'Exploitation des Pétroles_, though it now holds only 49 per cent.
In the _Société Maritime des Pétroles_, the disproportion is still
greater; out of seven directors, two only are French, and have played
an important part in French politics during the last few years. It is
to them, in particular, and to the skill of Gulbenkian, who conducted
the negotiations very cleverly, that the _Royal Dutch_ owes its triumph
in French official circles.[45]
But the British Government is not content with these two companies
founded by the _Royal Dutch_, (The second is so little French
that 19,600 out of the 20,000 shares of its capital belong to the
Anglo-Dutch trust, and 400 only have been subscribed by the two French
members of its council.) In spite of the opposition of Parliament, it
authorized the _Anglo-Persian_ to found a company much more important
than the other two put together, a company with a capital of 227
million, the _Société des Huiles de Pétrole_. This Franco-British
_Anglo-Persian_ was created by one of the most powerful personalities
of the financial world in Eastern, Southern, and Western Europe,[46] to
whom Great Britain owed the policy she was then following against the
Turkish Empire.[47]
Through the agency of Sir Basil Zaharoff, who is interested both in the
_Société Navale de l'Ouest_ and in the _Banque de la Seine_, and holds
70 per cent. of the capital of Vickers, this British firm undertook to
construct immediately, giving preference over the other trusts, the
whole of the tank-boats, of 10,000 tons on an average, destined to
ensure to the new "French" company the monopoly of the transport of oil
for the French market. France will depend for its future supplies, in
great part, on this Franco-British _Anglo-Persian_. Its stations will
be found on all her coasts, as well as in her African possessions. The
_Société Générale des Huiles de Pétrole_ will erect vast reservoirs
at Dunkirk, Le Havre, Rouen, Saint-Nazaire, La Pallice, Bordeaux,
Marseilles, Bizerta, Algiers, Oran, Casablanca, and Dakar (Senegal).
Public-domain text, read in full here on John Shaqi.
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