TeachMeFinance.com - explain Concessionary purchases
Concessionary purchases The term 'Concessionary purchases' as it applies to the area of energy can be defined as ' 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'.
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