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Founded in 1941, Kontinentale Öl AG was tasked with exploiting the oil wells of the Caucasus, thereby laying the foundation for the Nazis' dream of ultimate victory. World War II was a war fought with tanks, trucks, and aircraft. Oil was the indispensable basis for the campaigns. The German Reich had only small reserves and was therefore dependent on conquering an oil base. Founded in 1941, Kontinentale Öl AG was intended to counterbalance the large Allied oil companies and, above all, to exploit the rich oil wells of the Caucasus. However, since this area could not be occupied permanently, the Nazis had to content themselves with other European regions – Romania, Galicia, Estonia. The semi-state-owned, semi-private company involved all relevant economic, state, political, and military interest groups. Konti thus served as a model for future “continental” corporations. The ambitious plans for the future contrasted with the operational failure of Kontinentale Öl AG. Overall, the history of this company offers a new perspective on the Nazi economy, the ruling class of the regime, i.e., high-ranking representatives from business, the party, the military, and the state bureaucracy, and political and military decisions. It challenges supposedly established insights into the relationship between politics and economics.
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Keywords
- company history
- Economic policy
- energy company
- Extractivism
- Geology
- National socialism
- occupation
- oil fields
- oil industry
- oil production
- resources
- System of rule
- thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPH Political structure and processes::JPHX Political structures: totalitarianism and dictatorship
- thema EDItEUR::J Society and Social Sciences::JW Warfare and defence::JWL War and defence operations::JWLF Battles and campaigns
- thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
- thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
- thema EDItEUR::K Economics, Finance, Business and Management::KN Industry and industrial studies::KNA Agribusiness and primary industries::KNAT Extractive industries
- thema EDItEUR::N History and Archaeology::NH History::NHT History: specific events and topics::NHTT Invasion, conquest and occupation
- thema EDItEUR::N History and Archaeology::NH History::NHW Military history::NHWR Specific wars and campaigns::NHWR7 Second World War
- War Economy
- World War II
Links
DOI: 10.46500/83536059Editions