Definition of Buy-back oil

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TeachMeFinance.com - explain Buy-back oil



Buy-back oil

The term 'Buy-back oil' as it applies to the area of energy can be defined as ' 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'.

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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".


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