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'.
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