Crude oil acquisitions

(unfinished oil acquisitions)
  The volume of crude oil either:
  • acquired by the respondent for processing for his own account in accordance with accounting procedures generally accepted and consistently and historically applied by the refiner concerned, or
  • in the case of a processing agreement, delivered to another refinery for processing for the respondent's own account.
  Crude oil that has not been added by a refiner to inventory and that is thereafter sold or otherwise disposed of without processing for the account of that refiner shall be deducted from its crude oil purchases at the time when the related cost is deducted from refinery inventory in accordance with accounting procedures generally applied by the refiner concerned. Crude oil processed by the respondent for the account of another is not a crude oil acquisition.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

Look at other dictionaries:

  • Gulf Oil — Infobox Company company name = Gulf Oil International Ltd company company type = Private: Amas Holding SA (Luxembourg) ultimate holding company company slogan = Your Local Global Brand foundation = 1985 in Pittsburgh, Pennsylvania location =… …   Wikipedia

  • China National Offshore Oil Corporation — CNOOC Type State owned enterprise (Red chip) Industry Oil and Gas Founded 1982 Hea …   Wikipedia

  • Irving Oil — Infobox Company company name = Irving Oil | company | company type = Private | company slogan = See You There | foundation = 1924 | location = flagicon|Canada Saint John, New Brunswick, Canada | key people = K. C. Irving, James, Arthur, and John… …   Wikipedia

  • Tristar Oil & Gas — Infobox Company company name = Tristar Oil Gas Ltd company company type = Public company foundation = Listed on the TSX August 7th, 2007 location = Calgary, Alberta, Canada key people = Brett Hermann, President CEO Paul Colborne, Chairman of the… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • France — /frans, frahns/; Fr. /frddahonns/, n. 1. Anatole /ann nann tawl /, (Jacques Anatole Thibault), 1844 1924, French novelist and essayist: Nobel prize 1921. 2. a republic in W Europe. 58,470,421; 212,736 sq. mi. (550,985 sq. km). Cap.: Paris. 3.… …   Universalium

  • 2000s energy crisis — This article is about the causes and analysis of the relatively high oil prices of the 2000s. For discussion of the effects of the crisis, see Effects of the 2000s energy crisis. For a chronology of oil prices during this time, see 2003 to 2011… …   Wikipedia

  • Economy of the People's Republic of China — Economies of Special Administrative Regions of Hong Kong and Macau are administered separately from the rest of People s Republic of China. Therefore, the information below pertains only to mainland China unless specified otherwise. For the… …   Wikipedia

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

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.