The 1928 Group Agreement (better known as the “Red Line” Agreement) was a deal struck between several American, British, and French oil companies concerning the oil resources within territories that formerly comprised the Ottoman Empire within the Middle East. The origins of the Red Line Agreement can be traced back to the initial formation of the Turkish Petroleum Company (TPC) in 1912.The 1928 Group Agreement (better known as the “Red Line” Agreement) was a deal struck between several American, British, and French oil companies concerning the oil resources within territories that formerly comprised the Ottoman Empire within the Middle East. The origins of the Red Line Agreement can be traced back to the initial formation of the Turkish Petroleum Company (TPC) in 1912.
The 1928 Group Agreement (better known as the “Red Line” Agreement) was a deal struck between several American, British, and French oil companies concerning the oil resources within territories that formerly comprised the Ottoman Empire within the Middle East. The origins of the Red Line Agreement can be traced back to the initial formation of the Turkish Petroleum Company (TPC) in 1912.