Home > Term: concessionary purchases
concessionary purchases
The quantity of crude oil exported during a reporting period, which was acquired from the producing government under terms that arise from the firm's participation in a concession. It includes preferential crude where the reporting firm's access to such crude is derived from a former concessionary relationship.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Coal; Natural gas; Petrol
- Company: EIA
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