单词 | production-sharing |
释义 | > as lemmasproduction-sharing production-sharing n. a system of sharing the resources and profits related to the production of a particular commodity, especially oil (frequently attributive). ΘΚΠ society > occupation and work > business affairs > management methods or systems > [noun] > profit-sharing profit sharing1872 production-sharing1948 1948 Bridgeport (Connecticut) Times 7 July 20/6 There are many kinds of [profit-sharing] plans... I believe the so-called production-sharing plan to be the best. 1963 Economist 8 June 1046/1 The concept that the Indonesians prefer is one of ‘production-sharing’, under which the contractor takes over existing or potential development, brings in his capital equipment to carry it out, and has as his reward a share of what is produced, processed and sold. 1991 South Aug. 53/3 India's Oil and Natural Gas Commission, Royal Dutch/Shell, UP and Clyde Petroleum have signed a 25-year production-sharing agreement which allows each company to explore for oil at a cost of $50-60m. < as lemmas |
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