Concessionary purchases

What is Concessionary purchases?

Concessionary purchases meaning 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.

 

reference: Glossary – U.S. Energy Information Administration (EIA)

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