Compagnie Française des Pé
COMPAGNIE FRANçAISE DES PéTROLES (CFP)
a company, usually called cfp, formed to handle french share of mesopotamian oil.
Formed in 1923–1924, the Compagnie Française des Pétroles (CFP) was organized to handle the 25 percent French share of the Turkish Petroleum Company. This percentage of oil from Mesopotamia (now Iraq) was stipulated by the Long–Berenger Agreement of 1919 and confirmed by the British–French Oil Agreement of 1920. Owned in part by the government of France, CFP cosponsored the 1928 Red Line Agreement, and after World War II, it was part of the Iranian oil consortium.
see also british–french oil agreement; red line agreement.
Yergin, Daniel. The Prize: The Epic Quest for Oil, Money, and Power. New York: Simon and Schuster, 1991.