BRINK

BRINK
An oil-industry acronym for Brazil, Russia, Iraq, Nigeria and Kazakhstan – five countries predicted to make a significant mark on oil production in the 2010s.

Discussing the possible impact of an increase in oil supply, Liam Denningobserved in The Wall Street Journal:

Meanwhile, in a nod to the BRIC countries that helped define the last decade, consultants PFC Energy has coined its own acronym for the next: BRINK, or Brazil, Russia, Iraq, Nigeria and Kazakhstan.
Brazil has hosted a string of big discoveries, while Russia has defied expectations by overtaking Saudi Arabia’s output. Kazakhstan is expanding three major projects, while a tentative peace is allowing Nigeria to start raising output.
The wild card is Iraq, where more licenses for foreign oil companies were awarded Friday. Contract terms encourage firms to maximize output quickly. Winners to date aim to boost output from five fields 12-fold to 8.5 million barrels per day.
Given Iraq’s fragile peace and ravaged infrastructure, that looks unrealistic. But even if production increased by a more conservative 1.5 million barrels per day by 2015, it could pressure oil prices through unsettling the organization Iraq helped found 39 years ago: the Organization of Petroleum Exporting Countries.
(The term BRIC – Brazil, Russia, India, China – seems to have been coinedby Goldman Sachs in 2001.)


Dictionary of unconsidered lexicographical trifles. 2014.

Игры ⚽ Нужен реферат?
Synonyms:

Look at other dictionaries:

  • Brink — Разработчик …   Википедия

  • Brink — steht für: Brink (Siedlung), eine spezielle Form der Siedlung Brink ist der Name folgender Personen: Brink (Familienname), ein Familienname, für Personen siehe dort ten Brink, ein Familienname Brink ist der Name folgender Orte: Brink… …   Deutsch Wikipedia

  • brink — [brıŋk] n [Date: 1200 1300; : Old Norse; Origin: brekka slope ] 1.) the brink (of sth) a situation when you are almost in a new situation, usually a bad one on the brink of death/disaster/war etc ▪ In October 1962 the world seemed on the brink of …   Dictionary of contemporary English

  • Brink — (br[i^][ng]k), n. [Dan. brink edge, verge; akin to Sw. brink declivity, hill, Icel. brekka; cf. LG. brink a grassy hill, W. bryn hill, bryncyn hillock.] The edge, margin, or border of a steep place, as of a precipice; a bank or edge, as of a… …   The Collaborative International Dictionary of English

  • Brink — may refer to:* Brink! , film * People: ** Bernhard Egidius Konrad ten Brink (1841 1892), German scholar ** André Brink (born 1935), South African author ** Julius Brink (born 1982), German volleyball player ** Jos Brink (1942 2007), Dutch… …   Wikipedia

  • Brink — Éditeur Bethesda Softworks Développeur Splash Damage Distributeur Valve Corporation (Steam)[1] …   Wikipédia en Français

  • brink — [ brıŋk ] noun singular * 1. ) the brink the point in time when something very bad or very good is about to happen: bring someone to the brink of something: The crisis brought the two nations to the brink of war. on the brink of (doing) something …   Usage of the words and phrases in modern English

  • brink — UK US /brɪŋk/ noun [S] ► the point where a new, different, or dangerous situation is about to begin: the brink of collapse/bankruptcy/disaster »Debt crisis led many companies to the brink of bankruptcy. »They seem to be teetering on the brink of… …   Financial and business terms

  • brink — early 13c., from M.L.G. brink edge, or Dan. brink steepness, shore, bank, grassy edge, from P.Gmc. *brenkon, probably from PIE *bhreng , variant of root *bhren project, edge (Cf. Lith. brinkti to swell ) …   Etymology dictionary

  • brink — brink; brink·man·ship; …   English syllables

  • brink — [briŋk] n. [ME < MLowG or Dan, shore, bank, grassy edge; prob. < IE * bhreng , var. of base * bhren , project, edge > L frons,FRONT1] 1. the edge, esp. at the top of a steep place; verge: often used figuratively [at the brink of war] 2.… …   English World dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”