Partex

The contract between Royal Dutch Shell, Anglo Persian (now BP), Compagnie Française des Pétroles (now Total), Near East Development Company (ExxonMobil) and Calouste Gulbenkian was signed in July 1928.

At the same time the partners undertook to work together within the boundaries of the former Ottoman Empire - the Red Line Agreement.

In 1938, before the beginning of the Second World War, Calouste Gulbenkian incorporated in Panama a company to hold his assets in the oil industry.

[4] It also holds concessions in other countries like Kazakhstan, Algeria and Brazil and explores in the Peniche basin in Portugal.

[5] The Partex Oil and Gas Group is basically organized by geographical areas and holds interests in concessions and joint ventures engaged in upstream activities related to the oil and gas industry, namely exploration, development, production and sales.