Nobel Brothers Petroleum Production Company
Товарищество Нефтяного Производства Братьев Нобель
Société Anonyme l’Exploitation du Naphte Nobel Frères
Naptha-Productions-Gesellschaft Gebrüder Nobel.
Other city spellings: Petrograd, Pétrograde, St.-Pétersbourg
Formed in 1879 with Head Office in St. Petersburg.
Capital originally 3,000,000 roubles in shares of 5000 roubles. Capital was increased in 1880, 1881 and 1882. Issues of 250 rouble shares increased capital further in 1884, 1911 and 1916.
The Swedish Nobel family had important industrial activities in Russia, including oil in Baku. The first Nobel company was set up in Baku in 1876 by Ludwig and Robert Nobel and by the late 19th century, it had become one of the largest oil companies in the world. In 1879 the Nobel Brothers Petroleum Production Company was formed in St. Petersburg, and soon acquired other oil companies, particularly in Baku. The company employed 50,000 people, producing a third of Russian crude oil and 40% of the refined product. After the revolution the Nobel family fled to Sweden and the assets came under the control of the Russian state, although the family had many assets elsewhere in Europe and remained wealthy.