Journal of Energy History Revue d’histoire de l’énergie AUTHOR Jonathan Conlin From the jaws of defeat: France, University of Southampton the United States and Middle East
[email protected] oil, 1940-1948 POST DATE 04/12/2018 Abstract ISSUE NUMBER At its birth in 1924 the French state endowed the Compagnie JEHRHE #1 Française des Pétroles (CFP) with a quarter share of the Turkish SECTION (later Iraq) Petroleum Company. A joint venture between the big four Varia American and British oil companies, IPC struck oil in Iraq three years KEYWORDS later. In the interwar period France’s pretensions to oil independence Consumption, Mix, rested on CFP and the access IPC gave the French to Middle East oil Environment, Geopolitics, through the 1928 Red Line Agreement. Defeat in 1940 appeared to Transition doom France as an oil power. The Red Line Agreement collapsed and DOI CFP was denied her rightful share in the oilfields of Saudi Arabia. CFP in progress and the French state weathered this energy crisis through a mixture of diplomacy and blackmail. Using previously untapped archives, TO CITE THIS ARTICLE this essay argues that the outcome for France – the 1948 Working Jonathan Conlin, “From the Agreement – was more favourable than is usually held. jaws of defeat: France, the United States and Middle Plan of the article East oil, 1940-1948”, Journal → “demandeurs à tous les points de vue”: CFP under sequester, of Energy History/Revue 1940-1944 d’Histoire de l’Énergie → “Une situation depassée”: the end of the Red Line 1944-46 [Online], n°1, published 04 → “Some kind of pay-off”: a new Working Agreement, 1947-48 December 2018, URL: http:// energyhistory.eu/node/59.