The Secret Story of the World’s Oil Domination: Who Are the Seven Sisters?
Yesterday, Al Jazeera News Network aired the first episode of a four part documentary series titled “The Secret of the Seven Sisters”, which reveals how a secret pact was signed in 1928 to form a cartel that controls the world’s oil to this day.
In 1928, three main global petroleum producers met in the Scottish castle named Achnacarry, to sign a secret contract in order to control and distribute the world’s oil and the profits from the oil business. The agreement is known as the Achnacarry Agreement, or “As-Is” Agreement, was signed on September 17th, 1928.
Documentary depicts how the founders of Royal Dutch Shell, Standard Oil Co. and the Anglo-Persian oil Company decided to stop competing and fighting and to start sharing out the world’s oil. Their vision was that the production zones, transport costs, sales prices – everything would be agreed and shared. And so began a great cartel, whose purpose was to dominate the world, by controlling its oil.
Soon, other biggest oil companies joined them in the plot. Now, they were known as the Seven Sisters: Exxon, Shell, BP, Mobil, Texaco, Gulf and Chevron.
Journalist Eric Laurent explains in the documentary that “the countries were kept in the dark, as were their governments and the producing countries. This means that it was all done in the greatest secrecy and amorality.” He adds that the information about the agreement leaked in the 1950s, over 20 years after it was signed.
At the end of the First World War, through signed treaties, France and Britain divided up the Middle East that was taken over from the Ottoman Empire. American oil companies were enraged. An American oil broker, Kaloust Gulbekian, came up with a solution. The plan was to create a red zone around the oil rich areas of the Middle East, and form a new oil company to equally own shares. The company was called Iraq Petroleum Company.
Oil filled lands were bought from the land owners without disclosing the riches their lands were hiding underneath the ground. Governments of the countries, such as the Shah (king) of Iran, were bought and paid for by the oil companies through bribes and other forms of political and military support guarantees.
Oil companies became more powerful than governments. Delivery of the oil also was such a crucial matter that in USA or Britain no one could become a President unless they guaranteed the smooth delivery of the oil to the refineries and sellers.
Oil companies were so dominant that they set the rules in every aspect of the oil production, its export and prices. Together with covert agencies of USA and British Governments, they have helped create and support the monarchies in Iran and Saudi Arabia, toppled democratically elected leaders who refused to be bribed, opposed the creation of OPEC and profited from the Iran-Iraq war, leading to the ultimate destruction of Saddam Hussein and Iraq.
According to the report, since that notorious meeting at Achnacarry Castle on August 28, 1928, they have never ceased to plot, to plan and to scheme.
Watch the full episode online: The Secret of the Seven Sisters
Also available on TV, the first part of this special series can be seen from Thursday, April 4, at the following times GMT: Thursday: 2000; Friday: 1200; Saturday: 0100; Sunday: 0600; Monday: 2000; Tuesday: 1200; Wednesday: 0100; Thursday: 0600.