Transforming the oil business

Branobel was founded in 1879 and grew quickly due to the Nobel brothers’ willingness to develop all parts of the oil business like production, transportation and sale. At the end of the 19th century Branobel was among the eight biggest oil companies in the world.

The pivotal role of Azerbaijan oil and Baku

As early as the 15th century, Baku was an important international trading centre for merchants travelling between the East and Europe. Caravans of camels and merchant ships transported oil, salt, madder and saffron. In the 19th century, the rapid growth of the oil industry caused a total modernization. By the turn of the 20th century, Baku was one of the biggest industrial cities of the world.

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