Abstract: Compagnie Française des Pétroles and Its Contribution to the Re-establishment of France's Position among the Oil Countries after the Second World War

Mohammed Sassi

Abstract

In the race to control oil sources, France found itself in a defensive position in the Middle East at the end of the Second World War. Faced with a new American domination of the area, particularly with the creation of the Arabian American Company (ARAMCO), the Compagnie Française des Pétroles (CFP) and the French state chose a compromise solution, which imposed a double strategy on the CFP. The first tactic, jointly with the state, consisted of a strong diplomatic mobilization; the second consisted of diversification in the Middle East and the development of Algerian Sahara and West African oil resources. This strategy bore additional fruit in that it allowed an acceleration of technological development as well as the valorization of purchases in francs. The postwar period thus provided a perfect example of a complementary state-private company activity in the oil economy.

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