Long–Bérenger_Oil_Agreement
San Remo Oil Agreement
1920 agreement between the United Kingdom and France
The San Remo Oil Agreement was an agreement between Britain and France signed at the San Remo conference on 24 April 1920.[1] As a result of the agreement, the French Compagnie Française de Petroles (CFP)[lower-alpha 1] acquired a 25% share in the Turkish Petroleum Company (TPC). The other shareholders were the Anglo-Persian Oil Company (APOC) with 47.5%, the Anglo Saxon Petroleum Co 22.5% and the remaining 5% Calouste Gulbenkian.[3]