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.