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Tuesday, October 08, 2019

'Mr. 5 Percent.'

  23 March 1869

Today's selection -- from The Prize by Daniel Yergin.

Calouste Gulbenkian was the greatest negotiator in history, known for his "granite obduracy," and it made him one of the world's wealthiest men.

In 1912, he was the force behind the creation of the Turkish Petroleum Company (TPC)—a consortium of the largest European oil companies aimed at cooperatively procuring oil exploration and development rights in the Ottoman territory of Mesopotamia, and reserved a significant portion for himself./.../

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The Prize: The Epic Quest for Oil, Money & Power
Author: Daniel Yergin
Publisher: Free Press
Copyright 1991, 1992, 2009 by Daniel Yergin
Pages: 398-401

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