History of British Petroleum: Part I

(Part one of a three-part series excerpted from Chapter 1: David Rockefeller & the Shah of Iran: Big Oil & Their Bankers…)

In 1872 British Baron Julius du Reuter was granted an exclusive 50-year mining and communications concession in Persia by that country’s Peacock Throne monarchy. By 1921 the British government had installed Shah Mohammed Reza Khan in a palace coup. With their puppet in place, du Reuter’s firm, one of the British Empire’s most important tentacles, busied itself exploiting the rich oil reserves of Iran.

The Anglo-Persian Oil Company grew swiftly, first changing its name to Anglo-Iranian Oil, and later becoming British Petroleum (BP). During the last two decades of the 20th century BP speeded its global expansion, absorbing Britoil and Standard Oil of Ohio during the 1980’s, then swallowing up Amoco and Atlantic Richfield (ARCO) in the late 1990’s.

In 1991 Russia earned $13 billion in hard currency from oil exports. In 1992 IMF puppet Boris Yeltsin announced that Russia’s world leading 9.2 billion barrel/day oil sector would be privatized. Sixty percent of Russia’s Siberian reserves had never been tapped. In 1993 the World Bank announced a $610 billion loan to modernize Russia’s oil industry, by far the largest loan in the bank’s history. World Bank subsidiary International Finance Corporation bought stock in several Russian oil companies and made an additional loan to the Bronfman family’s Conoco for its purchase of Siberian Polar Lights Company.

The main vehicle for international banker control over Russian oil would be Lukoil, initially 20%-owned by BP and Credit Suisse First Boston. A handful of Zionist Russian oligarchs with Israeli passports, collectively known as the Russian Mafia, owned the rest of Lukoil, which partnered with the Four Horsemen in oil and gas developments throughout the country involving staggering amounts of capital...

No comments:

Post a Comment