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assets based on the percentage ownership of resources estimated to be produced throughout the remaining life of the concessions in which the Group participates. The oil and gas resources of the Group at the end of 2005 reached 215 million barrels of oil equivalent, showing a clear increase in
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with sub-holding companies, management units, concession companies and service companies that provide to the joint ventures and operating companies in which the Group participates all the necessary advice and financial, technical, management and human resources support that they require, in
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The Partex Oil and Gas Group is basically organized by geographical areas and holds interests in concessions and joint ventures engaged in upstream activities related to the oil and gas industry, namely exploration, development, production and sales. The Group is headed by a holding company
95:. This agreement had a fundamental influence on the future development of the oil reserves in the Middle East and led directly to the Partex Oil and Gas Group's present interests in the
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129:, where he died in 1955. In his will, he left his oil interests and his art collection to a foundation, which was to be based in Lisbon, Portugal: the
87:) and Calouste Gulbenkian was signed in July 1928. At the same time the partners undertook to work together within the boundaries of the former
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signed an agreement to sell Partex to PTT Exploration and
Production, a Thai state-owned enterprise for $ 622 million (about €555 million).
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a company to hold his assets in the oil industry. It was
Participations and Explorations Corporation from which came the name Partex.
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was the entrepreneur behind the formation of the
Turkish Petroleum Company which, after many vicissitudes, became the
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accordance with the strategy and guidelines defined by the
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through its joint ventures/concession companies which includes
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concession was nationalized in 1972, but it's still active in
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Calouste
Gulbenkian spent the final years of his life in
298:Mr. Five Percent: The Story of Calouste Gulbenkian
67:in which he held a 5% interest (becoming known as
284:"Gulbenkian sells Partex for estimated €555M"
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327:"Partex Group | Organisation and structure"
296:Norwich, J. J., & Henson, B. (1987).
79:), Compagnie Française des Pétroles (now
25:Partex Oil and Gas (Holdings) Corporation
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106:In 1938, before the beginning of the
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71:as a result). The contract between
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47:, until it was sold in June 2019.
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390:Oil and gas companies of Portugal
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35:. It was previously owned by the
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250:PTT Exploration and Production
177:Calouste Gulbenkian Foundation
131:Calouste Gulbenkian Foundation
37:Calouste Gulbenkian Foundation
29:PTT Exploration and Production
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347:Wise, Peter (17 June 2019).
27:is an oil company owned by
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385:Companies based in Lisbon
65:Iraq Petroleum Company
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75:, Anglo Persian (now
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168:and explores in the
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172:basin in Portugal.
112:Calouste Gulbenkian
61:Calouste Gulbenkian
20:Logo of the company
210:relation to 2004.
175:In June 2019, the
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306:978-0-7800-0755-0
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197:Resources
142:Abu Dhabi
314:31611185
214:See also
127:Portugal
99:and the
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33:Thailand
170:Peniche
162:Algeria
51:History
39:, from
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166:Brazil
123:Lisbon
116:Panama
91:- the
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310:OCLC
302:ISBN
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