August 20, 2012

Spotlight on… BP And the Admiralty

Admiralty agreement 1914The early years of the Anglo-Persian Oil Co Ltd were full of problems, not least the inability to find markets in an already well-established and competitive business. By 31 March 1913 the Company had still not begun to trade. Fortunes changed when Winston Churchill persuaded Parliament on 17 June 1914 to confirm a Government Agreement of 20 May 1914 to buy a controlling shareholding in the Company in order to secure fuel oil supplies for the Navy. Churchill’s signature can be seen on this Admiralty Fuel Oil Supply Contract, also of 20 May 1914.

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