Buy-back oil

  Crude oil acquired from a host government whereby a portion of the government's ownership interest in the crude oil produced in that country may or should be purchased by the producing firm.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

Look at other dictionaries:

  • Oil-for-Food Programme — The Oil for Food Programme (OFF), established by the United Nations in 1995 (under UN Security Council Resolution 986)[1] was established with the stated intent to allow Iraq to sell oil on the world market in exchange for food, medicine, and… …   Wikipedia

  • Chronology of world oil market events (1970-2005) — Basic OverviewThe 1970s See: 1970 1979 world oil market chronology 1970*January 1: U.S. Federal oil depletion allowance reduced from 27.5 to 22.0 percent. *May 3: TAP line from Saudi Arabia to the Mediterranean interrupted in Syria, creating all… …   Wikipedia

  • Chronology of world oil market events (1970–2005) — Contents 1 Basic overview 2 The 1970s 2.1 1970 2.2 1971 …   Wikipedia

  • National Iranian Oil Company — شركت ملّی نفت ايران Type Government owned Industry Petroleum industry Founded 1948 …   Wikipedia

  • 2002 world oil market chronology — *January 1: The OPEC crude oil production quota cuts of 1.5 million barrels per day, announced on December 28, officially go into effect for six months. Crude oil production or export cuts of convert|462500|oilbbl/d|m3/d by five non OPEC oil… …   Wikipedia

  • Offshore oil and gas in the US Gulf of Mexico — is a major source of oil and natural gas in the United States. The western and central Gulf of Mexico, which includes offshore Texas, Louisiana, Mississippi, and Alabama, is one of the major petroleum producing areas of the United States. In 2007 …   Wikipedia

  • 1970-1979 world oil market chronology — 1970= *January 1: U.S. Federal oil depletion allowance reduced from 27.5 to 22.0 percent. *May 3: TAP line from Saudi Arabia to the Mediterranean interrupted in Syria, creating all time tanker rate highs from June to December. *September 4:… …   Wikipedia

  • Vegetable oil economy — is the potential of vegetable oil to replace fossil fuels in the economy and how it compares to other potential replacements. Vegetable oils are the basis of biodiesel, which can be used like conventional diesel. Some vegetable oil blends are… …   Wikipedia

  • 1974 world oil market chronology — *January 7 9: OPEC decides to freeze posted prices until April 1. *January 29: Kuwait announces 60 percent government participation in BP Gulf concession; Qatar follows on February 20. *February 11: Washington Energy Conference opens. Attended by …   Wikipedia

  • 2003 world oil market chronology — *January 6: Venezuelan Minister of Energy and Mines Rafael Ramírez announces that the Venezuelan government plans to split state oil company Petroleos de Venezuela S.A. (PdVSA) into two separate entities as part of a large scale restructuring of… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.