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TeachMeFinance.com - explain Concessionary purchases Concessionary purchases The term 'Concessionary purchases' as it applies to the area of energy can be defined as ' The quantity of crude oil exported during a reporting period, which was acquired from the producing government under terms that arise from the firm's participation in a concession. It includes preferential crude where the reporting firm's access to such crude is derived from a former concessionary relationship'. Previous 5 Terms: Concentrator Concentrator Concentric Rings Concession Concessional (export) sale Next 5 Terms: conchiferous conchiform conchology conchyliferous conclusion 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.