Secured access to oil during World War I and beyond by buying a majority stake in.

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Ty

4 March, 21:49

Secured access to oil during World War I and beyond by buying a majority stake in.

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Asa Glass · Answer 1

Secured access to oil during World War I and beyond by buying a majority stake in Turkish petroleum company.

Explanation:

Oil was of strategic importance during world war 1. Oil-based fuel was required to run various means of transportation. Secured base to oil during World world 1 and beyond was obtained by buying a majority stake in The Turkish Petroleum company.

Turkish petroleum company was set up by several rival groups to explore Iraqi oil and to eliminate rivalry among partners. In 1929 it was renamed as Iraq Petroleum company.