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Baku oil boom and Branobel

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1879 · Baku · Middle East · Science

By 1900 Baku pumps about half of the world's oil

Baku oil boom and Branobel
Wikimedia Commons

After the state oil monopoly ended in 1872, investors poured into Baku; in 1879 the brothers Ludvig and Robert Nobel founded Branobel, which built the first successful oil tanker, the Zoroaster, and a pipeline. By 1901 the Baku fields produced about half of the world's oil.

State: Russian Empire

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