During World War I, Russia secured oil access by investing in the Oil Company of Persia. Britain and France also played significant roles in influencing the Middle East oil geopolitics. OPEC was formed to control a major share of world oil reserves.
In the context of securing access to oil during World War I, Russia purchased a majority stake in the Oil Company of Persia. This strategic move allowed Russia to ensure a stable oil supply during and after the war period.
Oil played a crucial role in shaping the geopolitics of the Middle East, with countries like Britain and France vying for control over oil resources in the region as seen through their mandates and business interests.
The establishment of organizations like Organization of Petroleum Exporting Countries (OPEC) demonstrates how oil-producing nations collaborate to influence global oil prices by controlling significant portions of the world's oil reserves.
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