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Welcome to Partex Oil and Gas Group

The Partex Oil and Gas Group has played an instrumental role in the development of the international oil and gas industry through its presence in the historical oil concessions of the Middle East. Its founder, Calouste Gulbenkian, a descendant of an illustrious Armenian family, was a pioneer in the exploration and development of the oil fields in the Middle East.

In 1928, after laborious negotiations in which Calouste Gulbenkian had an influencial role, the shares of the Turkish Petroleum Company (today the Iraq Petroleum Company) were divided into four oil companies: Anglo-Persian Oil Co. (now BP), Royal Dutch-Shell Group, Compagnie Francaise des Pétroles (now TOTAL)and Near East Development Company (now ExxonMobil). Calouste Gulbenkian retained 5% of the capital and for that he became known as "Mr. Five Percent".

In 1938, he founded Partex (Participations and Explorations Corporation) to manage his interests in the Middle East. In that same year, Partex signed a 75 year concession agreement with the Omani authorities followed in 1939 by a 75 year concession agreement with the Abu Dhabi authorities. Since then, Partex has continued to actively support the oil and gas developments in those countries through its affiliation with ADCO, GASCO, MUKHAIZNA, OLNG and PDO.

Nowadays, the Group combines its traditional involvement in Abu Dhabi and Oman with a successful diversification of operations to other countries such as Algeria, Angola, Brazil, Kazakhstan, and Portugal, consolidating a well deserved reputation as a reliable partner with long- term vision and strong commitment .

Throughout its 80 years of history, Partex has developed solid relationships with Governments of the host countries as well as with their national oil companies,including ADNOC, KazMunaiGaz, Petrobras, Sonangol and Sonatrach.

The key to our success rests with the partnerships that we were able to develop over the years based on mutual trust, sound business ethics and long-term commitment. The Partex Oil and Gas Group is proud to partner with industry majors like BP, BG, ExxonMobil, Maersk, Occidental, Petrobras, Repsol, Shell, Sonangol, Sonatrach and Total.

 
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