petrodollars


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pet·ro·dol·lars

 (pĕt′rō-dŏl′ərz)
pl.n.
Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

pet•ro•dol•lars

(ˈpɛ troʊˌdɒl ərz)

n.pl.
revenues in dollars accumulated by petroleum-exporting countries, esp. of the Middle East.
[1970–75]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Translations

petrodollars

[ˈpɛtrəʊdɒlərz] nplpétrodollars mpl
Collins English/French Electronic Resource. © HarperCollins Publishers 2005
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References in periodicals archive ?
As such, rather than placing our focus on the end result, that is the expected petrodollars, the Ministry of Energy is urged to focus on ensuring that effective measures to take advantage of the resultant petrodollars are in place.
Summary: TEHRAN (FNA)- A senior Syrian legislator underlined that his country is capable of conducting reconstruction projects on its own and is needless of the Arab states' petrodollars.
But this move will be the player's last big pay-day and the contract on offer at a club which, like Manchester City, is fuelled by petrodollars, could be too big to ignore.
Speaking in Abu Dhabi on 15 January, Saudi Arabia's Minister of Energy, Industry, and Mineral Resources, Eng Khalid bin Abdulaziz Al-Falih, said at least 12 renewable energy projects would be launched in 2019 as the kingdom ramps up its Vision 2030 programme to diversify its energy sector away from petrodollars.
Speaking in Abu Dhabi on 15 January, Saudi Arabia's Minister of Energy, Industry, and Mineral Resources, Eng Khalid bin Abdulaziz Al-Falih, saidat least 12 renewable energy projects would be launched in 2019 as the kingdom ramps up its Vision 2030 programme to diversify its energy sector away from petrodollars.
Moody's Investor Service said the economic stimulus package will amount to five per cent increase in government spending, which can be bridged by petrodollars if oil prices remain above $60 per barrel during the implementation of the plan, reported The National.
And considering that the only return for Pakistan is in the shape of petrodollars, this is as blatant a sellout as is possible.
His demand for trading petrol in gold, thereby replacing petrodollars was initially met with incredulous mocking, followed by solemn threats and culminated in his ultimate removal.
Tourism is seen as a major driver of growth as the kingdom attempts to wean itself off its dependence on petrodollars amid a protracted oil slump.
Saudi petrodollars have financed Washington's military adventures and spending sprees.
Since Yemen is one of the poorest countries in the world, it was obviously easier for the Iranian government to buy Houthi militia with the petrodollars and incite an uprising against the elected government.