Who originally created the Iraq Oil Company?

Who originally created the Iraq Oil Company?

• A. J. Paul Getty
• B. Marcus Samuel
• C. Calouste Gulbenkian
• D. Henry Ford

Answer: (C)

Calouste Gulbenkian was the financier and organizer who brought the major Western oil interests together to form the Iraq Petroleum Company, effectively creating a single vehicle to develop Iraqi oil. His role as broker and 5% stakeholder allowed him to unite the concessions and shares under one umbrella, shaping how Iraqi oil was controlled for decades. The other figures were influential in the oil world, but Gulbenkian’s strategic moves specifically led to the creation of that company.

Calouste Gulbenkian was the financier and organizer who brought the major Western oil interests together to form the Iraq Petroleum Company, effectively creating a single vehicle to develop Iraqi oil. His role as broker and 5% stakeholder allowed him to unite the concessions and shares under one umbrella, shaping how Iraqi oil was controlled for decades. The other figures were influential in the oil world, but Gulbenkian’s strategic moves specifically led to the creation of that company.