By: Mir M.Hosseini
During the second term of the young Iranian Parliament (Majlis) a bill was approved which granted rights to an oil pipeline to Nobel Brothers on Sep, 20, 1911. This pipeline connected Rasht to Bijar Khaleh, a small port by the Caspian Sea.
The Petroleum Production Company Nobel Brothers, Limited, also known as Branobel (short form of Nobel Brothers), was an oil company set up by Ludvig Nobel and Baron Peter von Bilderling, in Baku, Azerbaijan, originally set as a distillery in 1876.
The Nobel Brothers had rented a store in Pirsara and the 2.15 Farsang (approx. 13.5 km) pipeline from Bijar Khaleh was to carry their products to their target market in Rasht. According to this agreement, the permission had a time limit of 15 years. Branobel was also granted the rights to rent its pipeline to other local merchants to transport oil that was carried to the harbor by ship.
This was the second official petroleum-related contract after the infamous D'Arcy agreement.
On April 28, 1920, the Bolsheviks seized power in Baku and Branobel's oil business in Azerbaijan was nationalized. In May 1920, the Nobel family sold almost half of Branobel's shares in its possession to Standard Oil of New Jersey.
During the Majlis session #241 on Jan, 21, 1926, extension of the Nobel Brothers agreement was discussed. However, the new contractor was a Swedish company.