The Petroleum Production Company Nobel Brothers, Limited, or Branobel (short for братьев Нобель "brat'yev Nobel" – "Nobel Brothers" in Russian language), was an oil company set up by Ludvig Nobel and Baron Peter von Bilderling. It operated mainly in Baku, Azerbaijan, but also in Cheleken, Turkmenistan.[ Branobel celebrates its 30th anniversary – but the Baku oil is running out
]
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.
History
The Nobel Brothers Petroleum Company was an oil-producing company that had its origins in a distillery, founded by
Robert Nobel 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, 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
. By 1916, it was the largest oil company in Russia, producing 76 million
of oil.
Between 1877 and 1901, the company drilled over 500 wells, produced 150 million barrels of oil, and employed 12,000 workers.
Challenges
In 1912, the Russian General Oil Corporation was founded in London as an English holding company and united some 20 of the most important Russian and foreign banks. These included:
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A.I. Mantashev & Co.
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G.M. Lianozov Sons
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Moscow-Caucasus Trade Company
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Caspian Partnership
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Russian Petroleum Society
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Absheron Petroleum Society
By 1914, the fixed capital in oil exceeded 120 million rubles. The Russian General Oil Corporation, buying a considerable number of shares in the Berlin Exchange, attempted to take control of Branobel. The move failed and by 1916 Emanuel Nobel had bought not only a considerable share in the Russian General Oil Corporation, but had 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.[Tolf, Robert (1976): The Russian Rockefellers, Stanford, p. 188-190. ]
About 12% of the money left to establish the Nobel Prizes by Alfred Nobel came from his shares in the company; he was its largest individual investor.
Russian Revolution and Branobel
On 28 April 1920, the
Bolsheviks seized power in Baku after the Red Army invasion of Azerbaijan and Branobel's oil business in Azerbaijan was nationalized. In May 1920, the
Nobel family sold almost half the 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
Gustaf Nobel, on one side, and Walter C. Teagle, on the other, proved to be a profitable masterstroke for the Nobel family.
[LeVine, Steve (2007): The Oil and the Glory Random House, p. 33-34. ]
Branobel was formally dissolved in 1959 and its last President was Nils Nobel-Oleinikoff, son of Marta Nobel-Oleinikoff and grandson of Ludvig Nobel.
Photogallery
Gallery
File:Naftaproduktionsbolaget Bröderna Nobel 1.jpg|The Nobels' oil facilities in Baku
File:Ludwig Nobels Mekaniska Werkstad.jpg|Ludwig Nobel's Mechanical Workshop in Petersburg, Branobels board downstairs
File:Naftaproduktionsbolaget Bröderna Nobel 2.jpg|Older naphtha transportation
File:Zoroastr.jpg| Zoroaster, the world's first tanker, 2000 ton tanker for the Caspian Sea, design by Ludvig Nobel and Sven Alexander Almqvist, built by Sven Alexander Almqvist at Motala Verkstad and delivered to the Nobel brothers in Russia
File:Naftaproduktionsbolaget Bröderna Nobel 3.jpg|The Nobels' oil facilities in Baku
File:Naftaproduktionsbolaget Bröderna Nobel 4.jpg|The Nobels' oil facilities in Baku
File:Naftaproduktionsbolaget Bröderna Nobel 5.jpg|Baku
File:Naftaproduktionsbolaget Bröderna Nobel 6.jpg|Baku
File:Naftaproduktionsbolaget Bröderna Nobel 7.jpg|The managers' residence Villa Petrolea in Baku
File:Naftaproduktionsbolaget Bröderna Nobel 8.jpg|The managers' residence Villa Petrolea in Baku
File:Naftaproduktionsbolaget Bröderna Nobel 9.jpg|The managers residence Villa Petrolea in Baku
File:Stamp of Azerbaijan 227.jpg|Stamp of Azerbaijan, 1994
File:In 1888, Tsar Alexander III visited Baku.jpg|In 1888, Tsar Alexander III visited Baku with his family and ministers. Engineer Edvin Bergroth was responsible for security, and despite all the threats against the imperial family, the Tsar was able to walk around the Nobels' factories without any visible police nearby.
See also
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Petroleum industry in Azerbaijan
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Tolf, Robert, The Russian Rockefellers (Stanford, 1976)
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Yergin, Daniel (2003): The Prize: the Epic Quest for Oil, Money and Power, Free Press, p. 58.
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Åsbrink, Brita (2001): Ludvig Nobel: "Petroleum har en lysande framtid!" Wahlström & Widstrand, p. 19.
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Mir-Babayev M.F. The role of Azerbaijan in the World's oil industry – "Oil-Industry History" (USA), 2011, v. 12, no. 1, p. 109-123.
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Mir-Babayev M.F. and Atabeyli B. The unknown Nobel Prize in Baku – "Oil-Industry History" (USA), 2013, v. 14, no. 1, p. 117-124.
External links
