English Explanatory Dictionary

netback

English dictionary entry

Meanings

noun
  1. Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.

Word forms

netback netbacks net-back net back

Etymology

From net + back. The term was widely adopted by the oil industry in the second half of 1985.

This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on N Russian dictionary Dahl dictionary