What is Red Line Agreement?

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The 1928 Group Agreement (better known as the “Red Line” Agreement) was a deal struck between several American, British, and French oil companies concerning the oil resources within territories that formerly comprised the Ottoman Empire within the Middle East.

When did the Red Line Agreement end?

The successful conclusion of these maneuvers in 1947 ended the Red Line and allowed Standard of New Jersey and of New York to take shares in ARAMCO while retaining their shares in IPC.

Who benefited from the Red Line Agreement?

The Red Line Agreement was signed following the discovery of an immense oil field Baba Gurgur in Iraq and TPC gained a concession for Iraq. Under the terms of the agreement, each of the four parties received a 23.75% share of all the crude oil produced by TPC.

What was the Red Line Agreement What were Gulbenkian’s terms why is called Mr 5 %?

In essence, he sold the shares of the TNB to Anglo-Persian. Under the agreement of March 19, 1914, Anglo-Persian and Royal Dutch Shell each gave Gulbenkian “beneficiary interest” of 2.5% each for a total of 5% (hence the name “Mr. Five Percent”).

What is a red line document?

In the document management and collaboration process, redlined document refers to marking text that has been edited. Typically, redlining is used when two or more people are working on a document together; each individual can redline the text that was added or edited.

How do you redline a contract PDF?

You can use the Line commenting tool and set it to red via the Properties Bar (Ctrl+E).

Is Iraqi oil nationalized?

On June 1, 1972, Iraq announced the nationalization’ of the assets of the Iraq Petroleum Company (IPC). Syria simultan- eously nationalized the pipeline company linking Iraq with the Mediterranean.

What was the Red Line Agreement of 1928 quizlet?

The 1928 Group Agreement (better known as the “Red Line”Agreement) was a deal struck between several American, British, and French oil companies concerning the oil resources within territories that formerly comprised the Ottoman Empire within the Middle East.

What was the AS IS agreement oil?

The Achnacarry Agreement or “As-Is Agreement” was an early attempt to restrict petroleum production, signed in Scotland on 17 September 1928. The discovery of the East Texas Oil Field in the 1930s led to a boom in production that caused prices to fall, leading the Railroad Commission of Texas to control production.

How do you do the red line in Word?

Click and drag your cursor through the text that you want to modify, which highlights it. Highlighting the text means that any formatting or editing tools you use are going to affect that section alone. While highlighted, click the “Font color” button, then the “Strikethrough” button. This text is now redlined.

What is the Red Line Agreement?

What is document and contract redlining?

What are document and contract redlining? (The modern way) The term “redlining” (sometimes called blacklining) commonly refers to the editing and negotiation process during document and business contract management where contributors mark text and track changes collaboratively.

Can You Redline a draft of a contract?

The draft might have been provided by opposing counsel, or it might be an old contract you are using as a template. Redlining requires that you go back and forth with the other side to hammer out the details of your agreement. Always think carefully before proposing edits.

What happens to your data when you Redline contracts?

leftover metadata ( the redlining of contracts leaves unwanted metadata that may contain classified information – deleting this data is a necessary yet meticulous task in and of itself). Despite the many challenges of redlining contracts, there are ways to ensure the process is executed much more effectively.