Standard Vacuum Oil Company

Standard Vacuum Oil Company was a joint venture by Standard Oil of New Jersey, and Mobil Oil to make and market products in the far east^[1]

History

Around World War I, the market in the Far East was too large to leave unattended, but still small. Thus these two American Oil companies started Standard Vacuum Oil as a joint venture. By the 1950s, things had changed, and the partners were in disagreement, so in 1962 they split Standard Vacuum between them. Within 10 years, the two companies (Jersey Standard - Southeast Asia, and Mobil Oil- Southeast Asia) were larger than Standard Vacuum was projected to be.^[1]

References