Office of the Historian

875.6363/174: Telegram

The Ambassador in Italy (Fletcher) to the Secretary of State

[Paraphrase]
Rome, February 23, 1925—noon.
[Received 12:07 p.m.]

36. Regarding the Albanian oil concession. Active negotiations have been in progress between British and Italian Governments since the ratification of the Anglo-Persian oil concession. Italy will, I suspect, be granted one-fourth of the Albanian concession (25 percent is the figure mentioned) and Anglo-Persian may thus secure hold on Italian oil, since the Sinclair concession17 has been abrogated.

Fletcher
  1. Contract between the Italian Government and the Sinclair Exploration Co. for exploitation of Italian petroleum resources.↩