The story
Founded by Alfred Nobel, Ludvig Nobel, Peter von Bilderling and Robert Nobel in 1876, in Baku.1
The Nobel Brothers Petroleum Production Company was an oil-producing company that had its origins in a distillery, founded by Robert and Ludvig Nobel in Baku in 1876, which, in 1879, turned into a shareholding company headquartered in St. Petersburg. Ludvig headed Branobel from 1879 to 1888, while his son Immanuel succeeded him from 1888 to 1920.
The share capital of three million rubles was divided as follows: 53,7% Ludwig Nobel, 31,0% Baron Peter von Bilderling, 4,7% I.J. Zabelskiv, 3,8% Alfred Nobel, 3,3% Robert Nobel, 1,7% au Baron Alexandre von Bilderling. Pipeline transport was pioneered near Baku by Vladimir Shukhov and the Branobel company in 1878–1880. On 10 April 1902, the company signed a contract for the purchase of oil fields in Romany, which were owned by the oil producer Isabey Hajinsky. On 17 October 1905, in accordance with the Committee of Ministers, the company purchased the oil fields owned by oil producer A. Adamov. The company's fixed capital in 1914–1917 was 30 million rubles. By 1916, it was the largest oil company in Russia, producing 76 million poods of oil.
Between 1877 and 1901, the company drilled over 500 wells, produced 150 million barrels of oil, and employed 12,000 workers.
From Wikipedia’s article on Branobel, shared under CC BY-SA 4.0.3