Partex Oil and Gas (Holdings) Corporation is an oil company which is fully owned by the Calouste Gulbenkian Foundation, from Lisbon, Portugal. The Calouste Gulbenkian Foundation (Fundação Calouste Gulbenkian is a Portuguese Private foundation of public utility whose statutory aims are in the Lisbon (Lisboa liʒˈboɐ is the Capital and largest city of Portugal. Portugal, officially the Portuguese Republic (República Portuguesa is a country on the Iberian Peninsula.
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History
Prior to the First World War, Calouste Gulbenkian was the entrepreneur behind the formation of the Turkish Petroleum Company which, after many vicissitudes, became the Iraq Petroleum Company in which he held a 5% interest (becoming known as Mr. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All Calouste Sarkis Gulbenkian ( 23 March 1869 &ndash 20 July 1955) was an Armenian businessman and Philanthropist. The Iraq Petroleum Company (IPC until 1929 called Turkish Petroleum Company (TPC was an oil company jointly owned by some of the world's largest oil companies Five Percent as a result). The contract between Royal Dutch Shell, Anglo Persian (now BP), Compagnie Française des Pétroles (now Total), Near East Development Company (ExxonMobil) and Calouste Gulbenkian was signed in July 1928. Royal Dutch Shell plc, commonly known simply as Shell, is a multinational oil company of Dutch and British origins BP plc, previously known as British Petroleum, is the third largest global Energy company, a multinational oil company (" Oil major The Exxon Mobil Corporation, or ExxonMobil, is an American oil and gas Corporation and a direct descendant of John D At the same time the partners undertook to work together within the boundaries of the former Ottoman Empire - the Red Line Agreement. The Ottoman Empire (1299–1923 ( Old Ottoman Turkish: دولتْ علیّه عثمانیّه Devlet-i Âliye-yi Osmâniyye, Late Ottoman and Modern Turkish The Red Line Agreement is the name given to an agreement signed by partners in the Turkish Petroleum Company (TPC on July 31, 1928. This agreement had a fundamental influence on the future development of the oil reserves in the Middle East and led directly to the Partex Oil and Gas Group's present interests in the United Arab Emirates and the Sultanate of Oman. Oman, officially the Sultanate of Oman ( Arabic: سلطنة عُمان) is an Arab Country in Southwest Asia on the southeast
In 1938, before the beginning of the Second World War, Calouste Gulbenkian incorporated in Panama a company to hold his assets in the oil industry. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including Calouste Sarkis Gulbenkian ( 23 March 1869 &ndash 20 July 1955) was an Armenian businessman and Philanthropist. Panama, officially the Republic of Panama (República de Panamá) is the southernmost country of Central America. It was Participations and Explorations Corporation from which came the name Partex.
Calouste Gulbenkian spent the final years of his life in Lisbon, Portugal, where he died in 1955. Lisbon (Lisboa liʒˈboɐ is the Capital and largest city of Portugal. Portugal, officially the Portuguese Republic (República Portuguesa is a country on the Iberian Peninsula. In his will, he left his oil interests and his art collection to a foundation, which was to be based in Lisbon, Portugal - the Calouste Gulbenkian Foundation
The Iraq concession was nationalized in 1973 but it go on active in Abu Dhabi and Oman and diversified geographically to other countries like Kazakhstan, Algeria and Brazil. The Calouste Gulbenkian Foundation (Fundação Calouste Gulbenkian is a Portuguese Private foundation of public utility whose statutory aims are in the For a topic outline on this subject see List of basic Iraq topics. Oman, officially the Sultanate of Oman ( Arabic: سلطنة عُمان) is an Arab Country in Southwest Asia on the southeast Kazakhstan, also Kazakstan ( Қазақстан, Qazaqstan, qɑzɑqˈstɑn Казахстан, Kazakhstán,) officially the Algeria ( ar [[Arabic]] الجزائر, Al Jaza'ir ælʤæˈzæːʔir Amazigh: ⴷⵥⴰⵢⴻⵔ Dzayer) officially the People's |utc_offset = -2 to -4 |time_zone_DST = BRST |utc_offset_DST = -2 to -5 |cctld
Organisation
The Partex Oil and Gas Group is basically organized by geographical areas and holds interests in concessions and joint ventures engaged in upstream activities related to the oil and gas industry, namely exploration, development, production and sales. The Group is structured in sub-holding companies, management units, concession companies and service companies that provide to the joint ventures and operating companies in which the Group participates all the necessary advice and financial, technical, management and human resources support that they require, in accordance with the strategy and guidelines defined by the Holding.
Resources
Partex Oil and Gas has access to oil and gas assets based on the percentage ownership of resources estimated to be produced throughout the remaining life of the concessions in which the Group participates. An oil is a substance that is in a viscous Liquid state ( "oily") at ambient temperatures or slightly warmer and is This page is about the physical properties of gas as a state of matter The oil and gas resources of the Group at the end of 2005 reached 215 million barrels of oil equivalent, showing a clear increase in relation to 2004.
See also
The Calouste Gulbenkian Foundation (Fundação Calouste Gulbenkian is a Portuguese Private foundation of public utility whose statutory aims are in theDapyx Software network: MP3 Explorer | Ebook Manager | Zenithic