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When oil prices spike, where does the money go?

171 points · 195 comments · thelastgallon

  1. AnAfrican · · focus · HN ↗
    And the oil-producing countries' budget. Most countries have production sharing agreements. And those agreements usually have a clause in which the split on super-profits is much more favorable to the country (like 70/30 instead of 60/40) than normal profits.
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