 San Remo Oil Agreement

The San Remo Oil Agreement was an agreement between Britain and France signed at the San Remo conference on 24 April 1920.As a result of this agreement, the French Compagnie Française de Petroles (CFP)
acquired a 25% share in the Turkish Petroleum Company (TPC).The other shareholders were the Anglo-Persian Oil Company (APOC) with 47.5%, the Anglo Saxon Petroleum Co 22.5% and the remaining 5% Calouste Gulbenkian.