Temporary bearer certificate for one hundred shares of one hundred rubles each of the Baku joint-stock company Astara Magal with a fixed capital of 15 million rubles. Moscow, 1916
The Baku oil producing and trading company Astara Magal got its name from the settlement ( Magala ) in the extreme south-east of Azerbaijan , on the shores of the Caspian Sea on the border with Iran . In the Russian Empire, inhabited mainly by Talysh - an ancient people of the South Caucasus , having Aryan origin - the Astara tract was one of the villages of the Lenkoran district of Baku province .
The company, founded in 1915 (the charter was highly approved on November 6, 1915) [1] , was engaged in oil production on the Caspian Sea in the rich oil and black gold shelf of the Baku oil and gas region . The board of the company, whose fixed capital was 15 million rubles, was located in Moscow .
See also
- Oil production
- Oil industry
- Baku oil and gas region