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Oil

132 AQ 136-290 Oil

132 AQ 136-290

Papers concerning oil (especially Russian oil, 1884-1914

Rothschild interest in oil dates back to the 1880s when de Rothschild Frères acquired a refinery at Fiume on the Adriatic and then developed interests in the newly opened oil fields at Baku near the Black Sea, in present-day Azerbaijan.Their interests grew until by 1900 they were major operators in the production and marketing of Russian oil, then the largest sector in the world. In 1912 their interests were sold in exchange for shares in the Royal Dutch and Shell oil companies. The sale prevented the loss of their assets in the wake of the Russian Revolution of 1917.