petrodollar

/ ˈpɛtrəʊˌdɒlə /

noun

1. money, paid in dollars, earned by a country for the exporting of petroleum

Example Sentences

"If they can bring in the oil producer countries that will be key, given the petrodollar system," said William Gumede, a South African political analyst who has written extensively on BRICS.

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After so many years of being untouchable in the transfer market, Real could no longer routinely compete with the limitless wealth of the 'petrodollar' clubs.

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Its approach of isolating alcohol at the World Cup mirrors the way Qatar has dealt with its furious expansion the past decades: It compartmentalizes society to keep each sector in its place and smooths rough edges with its massive petrodollar wealth.

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Saudi Arabia announced plans to pour billions of dollars into investments around the Middle East but made little progress at a flagship business event this week in luring incoming funds to transform its petrodollar economy into a diversified powerhouse.

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Saudi Arabia announced plans to pour billions of dollars into investments around the Middle East but made little progress at a flagship business event this week in luring incoming funds to transform its petrodollar economy into a diversified powerhouse.

Read more on Reuters