The Petroleum Production Company Nobel Brothers, Limited, or Branobel (short for братьев Нобель "brat'yev Nobel"—cable communications meaning Nobel Brothers in Russian), was an oil company set up by Ludvig Nobel and Baron Peter von Bilderling, in Baku, Azerbaijan and Cheleken, Turkmenistan. Originally established by Robert Nobel (who contributed 25,000 rubles) and the investments of barons Peter von Bilderling (300,000 rubles) and Standertskjöld (150,000 rubles) as a distillery in 1876, it became, during the late 19th century, one of the largest oil companies in the world.
The Nobel Brothers Petroleum Company was an oil-producing company that had its origins in a distillery, founded by Robert and Ludvig Nobel in Baku in 1876, which, in 1879, turned into a shareholding company headquartered in St. Petersburg. The share capital of three million rubles was divided as follows : 53,7% Ludwig Nobel, 31,0% Baron Peter von Bilderling, 4,7% I.J. Zabelskiv, 3,8% Alfred Nobel, 3,3% Robert Nobel, 1,7% au Baron Alexandre von Bilderling. Pipeline transport was pioneered near Baku by Vladimir Shukhov and the Branobel company in 1878-1880. On 10 April 1902, the company signed a contract for the purchase of oil fields in Romany,[disambiguation needed] which were owned by the oil producer Isabey Hajinsky. On 17 October 1905, in accordance with the Committee of Ministers, the company purchased the oil fields owned by oil producer A. Adamov. The company's fixed capital in 1914–1917 was 30 million rubles. By 1916, it was the largest oil company in Russia, producing 76 million poods of oil.
In 1912, was founded, in London, the Russian General Oil Corporation, which was established as an English holding company and gathered some of the most important Russian and foreign banks, united 20 companies. These included A.I. Mantashev & Co., G.M. Lianozov Sons, Moscow-Caucasus Trade Company, Caspian Partnership, Russian Petroleum Society, Absheron Petroleum Society and others. By 1914, the fixed capital in oil was more than 120 million rubles and the Russian General Oil Corporation, buying a considerable amount of shares in the Berlin Exchange, attempted to take control over Branobel. The move was a failure and by 1916 Emanuel Nobel had bought not only a considerable share in the Russian general Oil Corporation, but also established control over other oil businesses in the region, such as Volga-Baku Company, A.I. Mantashev & Co., the Anglo-Russian Maximov Oil Company in London and G.M. Lianozov Sons, of which he personally owned a third of the shares.
The Russian Revolution and Branobel
On 28 April 1920, the Bolsheviks seized power in Baku and Branobel's oil business in Azerbaijan was nationalized. In May 1920, the Nobel family sold almost half of Branobel's shares in its possession to Standard Oil of New Jersey. At the time it was considered uncertain whether the Bolshevik regime would last and the negotiation led by Gustav Nobel, on one side, and Walter C. Teagle, on the other, proved to be a profitable masterstroke for the Nobel family.
- You could find more photos at Tekniska museet in Stockholm, Sweden.
- Branobel celebrates it's 30th anniversary – but the Baku oil is running out
- Tolf, Robert (1976): The Russian Rockefellers, Stanford, p. 188-190. ISBN 0-8179-6581-5
- LeVine, Steve (2007): The Oil and the Glory Random House, p. 33-34. ISBN 978-0-375-50614-7
- Tolf, Robert, The Russian Rockefellers (Stanford, 1976)
- Yergin, Daniel (2003): The Prize: the Epic Quest for Oil, Money and Power, Free Press, p. 58. ISBN 0-671-79932-0
- Åsbrink, Brita (2001): Ludvig Nobel: "Petroleum har en lysande framtid!" Wahlström & Widstrand, p. 19. ISBN 978-91-46-18181-1
|Wikimedia Commons has media related to Branobel.|
- Azerbaijan's Oil History
- First pipelines Branobel company,
- The Tsaritsyn Heritage of the Nobel Brothers
- The Branobel History Project