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TeachMeFinance.com - explain Acquisition (foreign crude oil) Acquisition (foreign crude oil) The term 'Acquisition (foreign crude oil)' as it applies to the area of energy can be defined as '  All transfers of ownership of foreign crude oil to a firm, irrespective of the terms of that transfer. Acquisitions thus include all purchases and exchange receipts as well as any and all foreign crude acquired under reciprocal buy-sell agreements or acquired as a result of a buy-back or other preferential agreement with a host government'. Previous 5 Terms: acoustics ACP ACPA ACPY Acquired lands Next 5 Terms: Acquisition (minerals) Acquisition costs, mineral rights ACR ACR Acre About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.