Who is Calouste Gulbenkian and why was he important to the development of Middle Eastern oil?
The source of Gulbenkian’s wealth was oil: he spotted the potential for oil exploration in Mesopotamia, then part of the Ottoman Empire, now Iraq, and is best known for creating the structures which enabled the orderly development of Middle Eastern oil.
Where is Calouste Gulbenkian?
While Gulbenkian’s art collection may be found in many museum across the world, most of his art is exhibited at the Museu Calouste Gulbenkian in Lisbon, Portugal. The museum was founded according to his will, in order to accommodate and display his collection, now belonging to the Calouste Gulbenkian Foundation.
How did Gulbenkian make his money?
The source of the vast fortune was oil. Gulbenkian took a close interest in it, even at a time when its main commercial use was as kerosene for lighting. Before the first world war, he had acquired a 5 per cent share of oil throughout the territories of the Ottoman empire.
What is Gulbenkian Prize for Humanity?
Lisbon, Portugal (26 October 2021): Today, the Global Covenant of Mayors for Climate & Energy (GCoM), was awarded the Gulbenkian Prize for Humanity along with 1M Euro to finance projects in Sub-Saharan Africa.
What was the outcome of the 1928 Red Line Agreement?
Under the terms of the agreement, each of the four parties received a 23.75% share of all the crude oil produced by TPC, which was allowed to operate anywhere in the Middle East between the Suez Canal and Iran, with the exception of Kuwait.
Who won first Gulbenkian award for humanity?
Who has been named winner of the inaugural Gulbenkian Prize for Humanity?
Greta Thunberg
The 17 year old climate activist from Sweden, Greta Thunberg has been named winner of the inaugural Gulbenkian Prize for Humanity.
What was the Red Line Agreement What were Gulbenkian’s terms why is called Mr 5 %?
In essence, he sold the shares of the TNB to Anglo-Persian. Under the agreement of March 19, 1914, Anglo-Persian and Royal Dutch Shell each gave Gulbenkian “beneficiary interest” of 2.5% each for a total of 5% (hence the name “Mr. Five Percent”).
When did America get involved in the Middle East?
The origin of American economic involvement in the Middle East, particularly with regards to oil, dates back to 1928 with the signing of the Red Line Agreement.
Who got the Gulbenkian Prize for Humanity?
Established in 2020, the first €1-million Prize for Humanity was awarded in July 2020. It is aimed at distinguishing people or institutions fighting climate change. Winners as Gulbenkian Prize for Humanity were: 2020: Greta Thunberg.