petrodollar

noun

pet·ro·dol·lar ˈpe-trō-ˌdä-lər

: a dollar's worth of foreign exchange obtained by a petroleum-exporting country through sales abroad

—usually used in plural

Examples of petrodollar in a Sentence

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With efforts to diversify the economy floundering, Timor-Leste is banking on more petrodollars via the $50 billion Greater Sunrise gasfield—mooted as one of the world’s largest untapped reserves—that lies between it and Australia. —

Charlie Campbell / Dili, Timor-Leste, TIME, 4 Sep. 2024 Around this time, petrodollars were pouring into the Soviet economy, as the oil fields discovered in the 1960s came on line; and oil prices rose after the oil crisis of 1973. —

Andrei Kolesnikov, Foreign Affairs, 10 July 2024 Qatar has also gotten into the game, alongside Saudi Arabia, which has long used its petrodollars to buy influence in the region. —

Maha Yahya, Foreign Affairs, 22 Mar. 2022 Moreover, as a region, Kirkuk would enjoy its constitutional share of revenue as well the petrodollars. —

Luay Al Khatteeb, Foreign Affairs, 18 Jan. 2016 See all Example Sentences for petrodollar