Petrodollars

(redirected from Petro-dollars)
Also found in: Dictionary, Wikipedia.

Petrodollars

Deposits by countries that receive dollar revenues from the sale of petroleum to other countries; the term commonly refers to OPEC deposits of dollars in the Eurocurrency market.

Petrodollars

Revenue that state-owned and state-influenced oil companies derive from the sale of oil. In several Middle Eastern countries, petrodollars are the predominant source of government revenue. They are available for investment and are often traded on the eurocurrency market and/or are used for development purposes. For example, Bahrain used petrodollars in the 1970s and 1980s to finance improvements in its industrial capacity. See also: OPEC, Sovereign Wealth Fund.

petrodollars

The funds that are controlled by oil-exporting countries and have been used to pay for oil imports. Petrodollars are a huge pool of funds available for investment and the purchase of goods and services. Although stated in terms of dollars, the term generally refers to all currencies.
References in periodicals archive ?
The UAE still depends mostly on petro-dollars for the economy.
The I&CP (Infrastructure & Capital Projects) market is growing rapidly with governments announcing projects across the Middle East region, utilizing trillions of petro-dollars over the coming years, added the new Deloitte report, the fourth publication in its series and the only one of its kind amongst the Financial Services industry in the Middle East.
It says that the infrastructure and capital projects market in the Middle East is growing rapidly with governments announcing projects, utilising trillions of petro-dollars over the coming years.
But on Saturday, Oil Minister Rostam Qasemi said that Anglo-Dutch energy giant Shell was among the firms that owes Tehran petro-dollars which the Islamic republic can not repatriate due to sanctions.
Il n'hesite pas a user de ses petro-dollars pour financer des mouvements d'opposition de certains pays arabes et a organiser des conferences internationales dans sa capitale Doha.
Sitting on the world's biggest proven crude oil deposits, ChEivez has used petro-dollars and cut-rate crude deals to build a network of allies around the region.
Assad's fall would bring to an end a crucial bridge for Iran to the Mediterranean, the possibility of Baghdad no longer being able to pump billions of petro-dollars to Tehran and the certainty that the Ahwaz movement in the petroleum- and water-rich Khuzestan province (Arabistan) won't revolt against the "Persian imperialists".
The Middle East is blessed with abundant sunshine, abundant petro-dollars and a taste for the best.
Keep in mind too, that recycled petro-dollars along with Chinese dollars fueled the mortgage-backed derivatives that sent the world economy into a tailspin.
The GCC continues to be flush with liquidity as a result of global energy prices and the petro-dollars trickling down to the economy mostly through infrastructure spending by the government," he said.
No club can 'legally'' hope to compete with petro-dollars buying their own debt
Gael Clichy Liverpool's director of football Damien Comolli played a key role in Clichy's move from Cannes, but couldn't repeat the trick when up against Man City's petro-dollars