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The Success of the Anglo-Maikop Corporation Within the Fiasco of the Maikop “Oil Rush”

Revista de historia industrial, 2017, Vol.26 (67)

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Title:
The Success of the Anglo-Maikop Corporation Within the Fiasco of the Maikop “Oil Rush”
Author: Mañé Estrada, Aurèlia
Subjects: Foreign investments ; Holding companies ; Holdings ; Indústria petroliera ; Inversions estrangeres ; Petroleum industry and trade ; Russia ; Rússia
Is Part Of: Revista de historia industrial, 2017, Vol.26 (67)
Description: The present article reviews the history of the Anglo-Maikop Corporation (AMC); a free-standing company which, in 1910, took part in the speculative oil rush originating in the City of London and whose target was the Maikop oilfields in Russia. Although the Maikop phenomenon was a fiasco, the AMC prospered. The company all but disappeared during the first years of the Bolshevik revolution, but between 1910 and 1914 it was able to make the transition from coal to oil in Southern Russia, and created a successful, vertically integrated oil holding. In this article, we argue that this success, which is in stark contrast to the failure of the company’s peers, was mainly due to the fact that the AMC’s founder, George Tweedy, was very knowledgeable of the Russian oil scene of the time, which was, at the beginning of the twentieth century, the most advanced oil industry in the world.
Publisher: Universitat de Barcelona
Language: Catalan;English
Identifier: ISSN: 1132-7200
EISSN: 2385-3247
Source: Recercat
Revistes Catalanes amb Acces Obert (RACO)

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