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TeachMeFinance.com - explain Buy-back oil Buy-back oil The term 'Buy-back oil' as it applies to the area of energy can be defined as ' Crude oil acquired from a host government whereby a portion of the government's ownership interest in the crude oil produced in that country may or should be purchased by the producing firm'. Previous 5 Terms: butt log Butterfly valve Buttress dam Butylene (C4H8) butyric Next 5 Terms: BW BWER BWR BYD Bypass Diode About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.