GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:22 Mar 3, 2021 |
Russian to English translations [PRO] Tech/Engineering - Petroleum Eng/Sci | |||||||
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| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 07:27 | ||||||
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Summary of answers provided | ||||
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3 +1 | single-base, two-base |
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single-base, two-base Explanation: Mechanism of “single base pricing” at international oil market in 1928-1947 ” two-base pricing” (cost-plus in crude, net-back replacement value in petroleum products), - transfer pricing/prices within vertical integration and long- term traditional & modernized concessions & PSAs, - 1969-1973 – transition period from monopoly of 7 companies to monopoly of 13 states; A.Konoplyanik, FINEC, SPB, 13.12.2013 https://slideplayer.com/slide/5675744/ -------------------------------------------------- Note added at 21 mins (2021-03-03 16:44:05 GMT) -------------------------------------------------- ccccccccccc For oil, four major stages of evolution of pricing mechanisms in the world market are briefly examined, starting with the dominance of long-term contracts and of vertically-integrated companies’ internal cross-border transactions with transfer prices under one-base pricing’ based on the ..... Achnacarry agreement of 1928 and its ‘two-base pricing’ modified formula as of 1947, OPEC dominance in the 1970s-1980s with official selling prices and increasing spot-market prices as their reference point, and the introduction of commodity pricing based on exchange trade and the development of oil derivatives since the 1980s. https://www.energycharter.org/fileadmin/DocumentsMedia/Thema... |
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