bringing knowledge and history into the future of energy.


The Partex Oil and Gas Group has played an instrumental role in the development of the international oil and gas industry through its presence in the historical oil concessions of the Middle East. Its founder, Calouste Gulbenkian, a descendant of an illustrious Armenian family, was a pioneer in the exploration and development of the oil fields in the Middle East 

Prior to the First World War, Calouste Gulbenkian was the entrepreneur behind the formation of the Turkish Petroleum Company which, after many vicissitudes, became the Iraq Petroleum Company in which he held a 5% interest (and as a consequence, became known as “Mr. Five Percent”).

The contract between Royal Dutch Shell , Anglo Persian (now BP), Compagnie Française des Pétroles (now TOTAL), Near East Development Company (now Exxon/Mobil) and Calouste Gulbenkian was signed in July 1928…

The History of Partex




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