Bnito(from Russian "Batumskoye Neftepromyshlennoye i Torgovoye Obschestvo", "Батумское нефтепромышленное и торговое общество"), or the Caspian and Black Sea Oil Company, was an oil business founded in 1883[1] by Alphonse Rothschild of the Rothschild banking family of France.[2]
Contextedit
In 1883, the Swede Robert Noble approached the French Rothschilds to finance a railway line from Baku to the Black Sea. Mayer (Alphonse) de Rothschild secured the operation and received oil rights in the area in return. Seeing that Russian oil exports could be more competitive than US oil exports, the Rothschilds bought Bnito, and turned it into the Société Commerciale et Industrielle de Naphte Caspienne et de la mer Noire (The Caspian and black Sea Oil Company). Other Russian oil companies were purchased by the Rothschild and the Deutsche Bank to consolidate the Russian oil market.[3] The company pioneered carrying oil in tankers instead of wooden barrels and iron bidons.[4]
By the turn of the century, the Caspian and Black Sea Oil Company started to compete with Standard Oil for international exports.[3]
In 1912, the company was acquired by Royal Dutch Shell.[5] The Rothschilds became shareholders of the latter.[3]
bnito, from, russian, batumskoye, neftepromyshlennoye, torgovoye, obschestvo, Батумское, нефтепромышленное, торговое, общество, caspian, black, company, business, founded, 1883, alphonse, rothschild, rothschild, banking, family, france, context, editin, 1883, . Bnito from Russian Batumskoye Neftepromyshlennoye i Torgovoye Obschestvo Batumskoe neftepromyshlennoe i torgovoe obshestvo or the Caspian and Black Sea Oil Company was an oil business founded in 1883 1 by Alphonse Rothschild of the Rothschild banking family of France 2 Context editIn 1883 the Swede Robert Noble approached the French Rothschilds to finance a railway line from Baku to the Black Sea Mayer Alphonse de Rothschild secured the operation and received oil rights in the area in return Seeing that Russian oil exports could be more competitive than US oil exports the Rothschilds bought Bnito and turned it into the Societe Commerciale et Industrielle de Naphte Caspienne et de la mer Noire The Caspian and black Sea Oil Company Other Russian oil companies were purchased by the Rothschild and the Deutsche Bank to consolidate the Russian oil market 3 The company pioneered carrying oil in tankers instead of wooden barrels and iron bidons 4 By the turn of the century the Caspian and Black Sea Oil Company started to compete with Standard Oil for international exports 3 In 1912 the company was acquired by Royal Dutch Shell 5 The Rothschilds became shareholders of the latter 3 See also editBlack Sea energyReferences edit Julian Evans May 13 2006 Stalin and a giant moustache The Times Michael P Croissant Bulent Aras 1999 Oil and geopolitics in the Caspian Sea Region Praeger Publishers p 10 ISBN 978 0 275 96395 8 a b c French oil business guide to the archive rothschildarchive org Retrieved 2023 04 06 Who were the first Georgian oil producers Prominent figures of 19th century GeorgianJournal in Georgian Retrieved 2023 04 06 Yergin Daniel 1991 The Prize The Epic Quest for Oil Money and Power New York Simon amp Schuster pp 60 61 132 133 ISBN 9780671799328 nbsp This article about a natural gas or petroleum related company is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Bnito amp oldid 1180816346, wikipedia, wiki, book, books, library,
