netback

According to the company, it was able to get operating profits (called 'netback' in oil industry jargon) of around 83% of the proceeds of the sale of oil and gas in India, after accounting for operating expenses and government levies.

Analysis 2010

According to the company, it was able to get operating profits (called 'netback' in oil industry jargon) of around 83% of the proceeds of the sale of oil and gas in India, after accounting for operating expenses and government levies.

Analysis 2010

Q: For the readers who are not familiar with the term, can you define "netback"?

Recent Commentaries | Safehaven.com 2010

"This increase will be a strong indication that the government indeed intends to keep domestic gas prices on the growth path to netback parity," said Ron Smith , analyst at Citibank in Moscow.

Moscow May Allow Gazprom Price Rise Jacob Gronholt-Pedersen 2011

The executive flew to London in August to discuss the netback terms.

The Prize Daniel Yergin 2008

The netback contracts obviously meant that there was no longer an official Saudi price.

The Prize Daniel Yergin 2008

As word circulated around the global marketplace in late September and early October of 1985 about the Saudi netback deals, nervousness and anxiety rose.

The Prize Daniel Yergin 2008

So the two companies came up with an innovative solution—what would become known as “netback pricing.”

The Prize Daniel Yergin 2008

The Saudis moved from a defense of price to a defense of volume—their own desired level of output—and chose an ingenious weapon: netback deals with the Aramco partners and with other oil companies strategically located in key markets.

The Prize Daniel Yergin 2008

But the Saudis were also careful not to be too confrontational; their aim was to regain their quota level, and no more, and they put a cap on the volume that would be covered by their new netback deals.

The Prize Daniel Yergin 2008