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| leading geologist of his time and his company finished a secret study for the Saudi Arabian government about its oil reserves |
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| wanted to pursue a policy of greater independence in oil, thus reducing and restricting the power of the consortium of companies that had been a result of his struggle with Mossadegh |
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wanted to create a new major, Italy’s state-owned AGIP , that would be cast in his own image
• After WW2, he was entrusted with running the remnants of AGIP in northern Italy |
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| Azienda Generali Italiana Petroli |
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• The president of ENI and all other operating companies was
• He was the most visible and powerful man in Italy who promised secure oil supplies |
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o Jersey (Exxon)
o Socony-Vacuum (Mobil)
o Standard of California (Chevron)
o Texaco
o Gulf
o Royal Dutch/Shell
o And British Petroleum |
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wanted into the Iranian consortium but was excluded because of had no resources and was so dependent upon the Middle East
• For access to Iranian oil he floated the idea of marrying off an Italian princess to the Shah |
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| proposed an arrangement in which the National Iranian Oil Company would be ENI’s partner as well as landlord, Iran would get 75% of the profits to ENI 25% breaking the 50-50 agreement |
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| seized the idea of putting together a Japanese consortium to operate in Middle East |
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emerged as the expert on the oil industry in the Chamber of Deputies and was Minister of Development
o Wanted to make sure Venezuela really got 50% of profits and greater control over the industry |
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| Colonel Marcos Perez Jimenez |
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| • New democratic government in Venezuela had been overthrown and control passed to the brutal dictatorship of |
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| Colonel Marcos Perez Jimenez |
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| • Under his regime oil production advanced at a very rapid pace but soon his regime collapse and Venezuela returned to a democracy |
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• The new president
o Passionate critic of the international oil companies who turned Venezuela into a petroleum factory that represented a throwback to Gomez dictatorship
o Turned to Juan Pablo Perez Alfonzo when it came to oil
denounced oil companiesbut needed them |
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o Threw into jail and then was exiled from the country and went to Washington
o Devoted himself to the study of oil and particularly the Texas Railroad Commission, the agency that had begun regulating oil production in Texas and thus in the nation |
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| o Once Betancourt became president, he insisted that " " return to Venezuela and take up the position of Minister of Mines and Hydrocarbons |
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| o He had a car (1950 Singer) that became a shrine and symbol of what he saw as the dangers of oil wealth for a nation- laziness the spirit of not caring |
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o His objectives for Venezuela would be to increase the government’s share of the rents and to effect a transfer to the government and away from the oil companies
o Felt like the earnings from oil should be used to develop the country more widely and shouldn’t be wasted |
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Saudi Arabian who went to school at the University of Texas and then took a job as a geologist with Texaco
o First American educated Saudi technocrats and first Saudi trained in both geology and chemistry
o Came back to Saudi and headed the newly created Directorate of Oil and Mining Affairs
o Created a team of experts to challenge not only the basis of the Aramco concession but the Western oil companies themselves |
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o Sometimes called the “Red Sheikh”
o Control over prices and production he thought was much more important than nationalization and integration
o Number one man to watch in the Middle East as far as oil concession policies are concerned |
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correspondent of Petroleum Week and editor of Petroleum Intelligence Weekly
o Most influential oil journalist of her time
o Provided a channel for communication and intelligence for oil industry
o Introduced Perez Alfonzo to Abdullah Tariki |
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| had just been the matchmaker for an alliance that would develop into the Organization of Petroleum Exporting Countries- OPEC |
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