"Do Tripoli and Cyrenaica have oil?" Prime Minister of Italy Giovanni Giolitti summoned oil experts and scholars and asked them this question.
"Prime Minister, how could there be oil there? We have already explored there, and there is no oil there at all!" Italy experts and scholars answered Giovanni Giolitti like this.
Although there are still some doubts in his mind, Giovanni Giolitti no longer dwells on this issue. Even if Tripoli and Cyrenaica really have oil, if it can be used to repair the relationship with the German Empire, it will be worthwhile. However, Giovanni Giolitti also believed that how could there be oil in North Africa, a desert?
Giovanni Giolitti instructed Italy's special envoy to agree to Oscar's request. However, just in case the Germany people really found oil in North Africa, Giovanni Giolitti asked Italian government to obtain a 40% share of North Africa's future oil profits.
After all, Italy is also a country that is extremely short of oil. If North Africa has oil, it can be transported directly back to the country by sea. In that case, it is much more cost-effective than buying it from other countries.
Oscar did not refuse the request of Italy people.
Now Germany is reserving oil on a large scale. With most of the Navy's warships using oil-fired boilers, the Army's large-scale procurement of Truck, and the number of civilian car ownership increasing, Germany's consumption of oil is also increasing. In order to obtain the most oil at the minimum cost, Oscar decided to exploit North Africa's oil after careful consideration. Although, once the war breaks out, the oil fields there will definitely fall into the hands of Allied Powers. But Oscar believes that after one or two years of mining, Germany can store enough oil. In this case, it will basically be able to cope with future wars. When the war is won, the oil fields will naturally be taken back. Moreover, they can also use this as a reason to further extort more wealth from the defeated countries.
With the support of Germany, Kingdom of Italy is more confident in this war.
On the pretext that the Italy people in the Tripolitania and Cyrenaica areas were being treated unfairly, Kingdom of Italy preempted Turkey from sending troops to North Africa. On September 28, 1911, Hyuga issued a Ultimatum threat to invade the above-mentioned areas. Türkiye called on all countries to stop Italy's invasion attempt, but all major countries persuaded Türkiye to accept Italy's request. In this case, Italo-Turkish War broke out.
Although Italian Army's fighting ability is very good, Ottoman Turkish Empire, who is Sick Man of West Asia, is not that strong either. Although, the resistance of the Ottoman Turkish Empire and the local people caused Kingdom of Italy to suffer heavy losses. However, when Italy sent more than 100,000 troops to the battlefield, Ottoman Turkish Empire still could not continue the fight.
This war lasted for nearly a year and ended with the Ottoman Turkish Empire's disastrous defeat. Kingdom of Italy and Ottoman Turkish Empire signed a treaty on October 18, 1912 at Ouchy near Lausanne.
The treaty stipulates that Ottoman Turkish Empire must withdraw all military personnel from Province of Benghazi, but in return Italy will return Rhodes and 12 islands close to the Ottoman Turkish Empire. Province of Benghazi will have a special status, with a regent and judge representing the caliph. Before these regents and judges are appointed, the Ottoman Turkish Empire people will ask Italian government. Ottoman Turkish Empire The government will be responsible for the expenses related to the regent and the judge.
This makes Ottoman Turkish Empire still own these territories in name. But in fact, these territories have become Italy colonies and are under the control of the Italy people.
Kingdom of Italy won this war, which was also extremely beneficial to Oscar. Before the treaty was signed, German Energy Company, which had been prepared for a long time, immediately sent a large number of exploration experts and engineering personnel into Cyrenaica and headed straight for Sirte Basin. You know, the oil of Sirte Basin accounts for 80% of all oil reserves of Libya in later generations. Libya's oil reserves rank ninth and Africa's first in the world.
Although, many people doubt whether there is oil in North Africa, a desert. However, Moritz, the general manager of German Energy Company, is convinced. He personally led a team to Sirte Basin to search for oil.
Perhaps because of the blessing of God, just one month later, they drilled the first high-yield oil well in Sirte Basin.
Almost everyone was shocked. No one thought that there was so much oil buried under the yellow sand here.
Moritz organized people to conduct further exploration on the one hand, and immediately reported to the country on the other.
Oscar After receiving the news, he finally breathed a sigh of relief.
"Karl, from now on, German Industrial Group will fully support Energy Company's oil exploration in Cyrenaica, and find a way to repair the oil pipeline in the shortest possible time to transport the oil back there. In addition, the construction of domestic oil storage facilities also needs to be accelerated. We need to reserve more oil for future wars!" Oscar ordered.
Although the current oil price is still relatively low, it is naturally cheaper to store the oil produced by oneself than to buy it from outside, and there is no need to worry about being stuck.
"Yes, Your Highness." Karl? Feng? Jonath nodded excitedly. He also knew how important the oil field discovered in Cyrenaica was to Germany.
German Energy Company found oil in Cyrenaica, making other countries full of envy and jealousy. Especially Ottoman Turkish Empire, who just lost Cyrenaica, and Italian government, who handed over the oil exploration rights to German Energy Company, are even more moved to tears. If there was a regret medicine, they would never do such a thing. Especially Italian government, now we can only watch as German Energy Company exploits the oil there. Although, they can get forty percent. But who would want the 40 percent if they could swallow it all?
Of course, facing the powerful German Empire, Italian government didn't have the courage to go back on his word, so he could only hold his nose and admit it.
Countries such as Britain and France are worried. Germany has obtained a large amount of oil, which will enable Germany to escape the dilemma of energy shortage. For them, it is a huge threat.