But for several years, the _Anglo-Persian_ has no longer been content with Persia, rich as it is. Its ambitions now extend to the whole world. It is in process of installing its depots in all the great ports of the world. In French territory alone, reservoirs will be constructed in the ports of Dunkirk, Le Havre, Rouen, Saint-Nazaire, La Pallice, Bordeaux, Marseilles, Bizerta, Algiers, Oran, Casablanca, Dakar. Through the agency of its subsidiary, the _d'Arcy Exploration_, it is prospecting for oil in every part of the globe. Wherever geological conditions appear to indicate the presence of oil in commercial quantities, the operations of drilling are undertaken. The activities of the _d'Arcy Exploration_ are carried on at present in Great Britain, Australia, New Zealand, Canada, Hungary; and again, quite recently, the company has concluded arrangements for investigating and prospecting in districts of France and her colonies which are likely to produce oil. A French company, the _Société Générale des Huiles de Pétrole_, has been founded, with an initial capital of 100 million francs, jointly subscribed by French and British groups, with the object of undertaking the refining and distribution of oil in France as well as her colonies. According to the agreement signed in London on October 27, 1920, by Sir Basil Zaharoff for the _Banque de la Seine_, nine subsidiary companies will be founded, each having a different function: importation, refining, distribution, and transport of oil.[24] And this "Franco-British Anglo-Persian" is even going to build an oil fleet, thanks to the _Société Navale de l'Ouest_. Other enterprises are also under consideration. The _Anglo-Persian Oil_ has acquired important interests in the _British Oil Bunkering_, and it has also founded the _Tankers Insurance Company Limited_, an insurance company with a capital of £100,000, for it intends, henceforward, _to do its own insurance_. By means of the _Scottish American Oil_, of which it has technical and commercial control, it has even succeeded in penetrating into Mexico, thus completing the work begun by Pearson and continued by the _Shell_. Its activities, during the month of December 1920 alone, were remarkable. It obtained a footing in Spain, founding a company with a capital of 25 million pesetas, of which 55 per cent. was subscribed by the _Anglo-Persian_ and 45 per cent. by a Spanish group having at its head the _Banco Urquijo_ and the _Spanish Credit Bank_. It concluded a contract _with the Hungarian Government guaranteeing it exclusive rights of exploitation on Magyar territory_, in case oil should be discovered there, which has happened. Deposits have been found near Letenye and the quantities which it is hoped to obtain will no doubt be more than sufficient to supply the needs of Hungary.