Adventurous journeys in the hunt for more land
At the beginning of the 1880s, Branobel needs new land for its plants. The Finn, Gustaf Törnudd is the new managing director in Baku and sets off on adventurous buying trips to the north and west.
The oil barons in Baku are forced to work together
The competition between the oil barons in Baku is tough and unrelenting for many years. At the same time, the area is, despite its riches, treated like a distant colony. Their desire to create better conditions and an effective city leads to the oil barons joining together in a committee. In 1892, this collaboration develops into a syndicate in order to deal with the competition from the American Standard Oil.
The Branobel company is formed
The heavy investments in oil extraction were capital-intensive. Robert and Ludvig Nobel needed more money to be able to continue their expansion. They consulted their younger brother, Alfred, in Paris, who suggested that they should form a limited company to bring in fresh capital to the business.
The Nobel Family Society becomes a supporting partner in the Branobel History Project.
The Nobel Family Society is a private society with a Read more >
Grant from Nobel International Fraternity
Initial steps for the digitalization of historical Branobel documents Read more >
Preliminary Cooperation Agreements for the Branobel History Project
Preliminary Cooperation Agreements for the Branobel History Project are Read more >
The first international cooperation agreement for the Branobel History Project
The first international cooperation agreement for the Branobel History Read more >
Restoration of Villa Petrolea
An opening ceremony of the restored Villa Petrolea was held Read more >
Start of the Branobel History Project
The Swedish foundation ”Stiftelsen Olle Engkvist Byggmästare” decides to sponsor Read more >
Nobel Brothers’ Batumi Technological Museum
The Black Sea town of Batumi in Georgia developed quickly Read more >