Anglo-Egyptian Oilfields Explained

Anglo-Egyptian Oilfields Limited was an oil company registered in London, England on 6 July 1911[1] with oilfields in Egypt. It was a joint venture between Shell and BP.[2] In July 1961 the government of the United Arab Republic acquired a 50% shareholding in the company. It was renamed as the Al Nasr Oilfields Company on 4 January 1962, and was converted into a United Arab Republic Company.[3] It seems to have been nationalised in 1964, and news reports cite Gamal Abdel Nasser's seizing in 1964[4] while Skinner's Oil and petroleum year book suggests 1951 control.

The oilfields utilised were the Hurghada and the Ras Gharib, on the western shore of the Red Sea. It also held a joint leases in the Sinai peninsula.[5] [6] It had a refinery at Suez.[7]

Notes and References

  1. page 67 of the 1962 edition
  2. http://wiki.openoil.net/index.php?title=History_of_Egyptian_oil_and_gas_industry{{Dead link|date=May 2019 |bot=InternetArchiveBot |fix-attempted=yes }}
  3. Web site: History of Egyptian General Petroleum Corporation – FundingUniverse.
  4. News: Nasser Seizes Oilfields. . . 26 March 1964 . 24 January 2016 . 5 . National Library of Australia.
  5. News: New Egyptian Oil Well Tested. . . Adelaide . 15 January 1949 . 24 January 2016 . 1 . National Library of Australia.
  6. News: Egypt's New Oil Find. . . Melbourne . 29 January 1949 . 24 January 2016 . 11 . National Library of Australia.
  7. https://archive.org/details/oesterreichische39stuoft/page/79 Petroleumgewinnung am Golf von Suez.