Oleaginous Diplomacy: Oil, Anglo-American Relations and the Lausanne Conference, 1922-23

There has been considerable controversy as to the significance of oil in the Lausanne Conference of 1922?1923, in particular British attempts to retain Mosul as part of Iraq. However, as this article explores, the conference also had important implications for the composition of the British-registered Turkish Petroleum Company, which was expected to win the Iraqi oil concession. In the first phase of the conference, the United States observer delegation's stance persuaded the British Government to put pressure upon the British companies involved in the TPC to admit American companies upon the latter's terms. Despite this, in the second phase, the Americans supported the Turkish delegation in its opposition to clauses in the proposed Treaty, which would have guaranteed the rights of the TPC, and forced a British compromise on the issue. The Lausanne Conference played a significant role in the Anglo?American "oil war" of the inter-war period.