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1859:
Edwin Drake drills the first producing oil well, in Titusville, PA.

1870:
John D. Rockefeller enters the oil refining business; forms Standard Oil (Cleveland, OH) to produce kerosene, for lighting purposes

1873:
The Nobel family (minus Alfred, the dynamite inventor, who established the famous Nobel Prizes) drills for oil in the Baku area, present Azerbaijan

1882:
Thomas Alva Adison invents the electric light bulb, endangering future petroleum markets

1885:
The Rotschilds develop petroleum in Russia
Royal Dutch develops petroleum in Sumatra (Indonesia)

1892:
Marcus Samuel forms Shell, to transport petroleum through Suez Canal

1896:
Invention of the automobile (Daimler and Benz, Germany) resurrects the market for petroleum

1901:
Petroleum discovered in Persia (Iran)

1907:
Merger of Shell and Royal Dutch

1908:
Petroleum boom in Persia

1910:
Petroleum boom in Mexico

1911:
Dissolution of Rockefeller-owned Standard Oil cartel to form smaller oil companies, which eventually became Exxon, Mobil, Amoco, Sohio, Chevron, etc.

1922:
Petroleum boom in Venezeula

1927:
Petroleum boom in Iraq

1933:
Standard Oil of California (Chevron) gets heavily involved in drilling for oil in Saudi Arabia

1938:
Petroleum boom in Saudi Arabia and Kuwait

1956:
Petroleum boom in Algeria and Nigeria

1959:
Petroleum boom in Libya

1960:
Formation of OPEC

1968:
Petroleum discovered in Alaska (Prudhoe Bay) but not exploited until 1977

1969:
Petroleum discovered in the Northsea but not exploited until 1975

1973:
First "Energy Crisis": Arab oil embargo against the US in retaliation for US support of Israel in the Yom Kippum War

1979:
Second "Energy Crisis": Iranian Revolution causes major disruptions in oil supply from the Persian Gulf

1980:
OPEC troubles begin: Iran/Iraq War

1982:
OPEC establishes production quotas (and has occasional difficulties in having the member countries abide by them)

1990:
Third (mini) "Energy Crisis": Iraq invades Kuwait, causing another major disruption in oil supplies from the Persian Gulf

1998:
The Baku region (and the Caspian Sea in general) again becomes the focus of interest of oil companies; may turn out to be the "Persian Gulf of the 21st century," but the key issue is how to transport all this oil to the open seas and the world markets

1999:
Petroleum is again as inexpensive as bottled water, and as cheap as it was before the energy crises of the 1970s. How long will such a situation last this time around?

 

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 Cosmetics


Beauty is skin-deep, and the preservation of this beauty is the reason why we are working with cosmetic industries.   The products in this category are:

Petroleum Jelly for Cosmetics

White Oil or Mineral Oil (Liquid Paraffin Oil):

Heavy Liquid Paraffin Oil Cosmetic Grade

Light Liquid Paraffin Oil Cosmetic Grade

 

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