The Nobel family's eagerness to acquire the industries relinquished by East Africa is primarily aimed at countering American conglomerates and consolidating their advantages.
In the past, competition in the Baku oilfields was intense. The Nobel family, the Rothschild family, and several small Russian local oil enterprises formed a coalition to oppose American and East African capital.
Indeed, they viewed both the United States and East Africa as threats. The value of the Baku oilfields had been increasing over the years, with overall oil production reaching over sixty percent of the entire Europe, becoming a lucrative industry during wartime.
The investors in the Baku oilfields, such as the Nobel family and the Rothschild family, although their interests were not entirely aligned, had been operating locally for a long time. Naturally, they were not eager to share profits with the newcomers from the United States and East Africa.
