oil concession
Frequency: 4.22.3 per million words
The right to explore for or produce oil in a specific area.
Categories:
Examples (10)
- The foreign company was granted a massive oil concession in the region.
- The government is currently negotiating the terms of a new oil concession.
- Securing the oil concession was a major diplomatic victory for the nation.
- The controversial oil concession sparked protests from environmental groups.
- The company's profits soared after it won the lucrative oil concession.
- He spent his career managing the company's vast oil concessions in the Middle East.
- The exploration rights are part of a 30-year oil concession agreement.
- The country decided to nationalize its largest oil concession, revoking the foreign company's rights.
- Renewing the offshore oil concession will require significant investment in new technology.
- An auction was held to award the valuable deep-water oil concession.