petrodollar

British  

/ ˈpɛtrəʊˌdɒlə /

noun

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

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Example Sentences

Citgo and its three U.S. refineries, which today have a combined total refining capacity of about 807,000 barrels a day, became a critical source of petrodollar revenue for Maduro’s government.

From The Wall Street Journal

But the other major implication is that the petrodollar system just got a big boost.

From MarketWatch

"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.

From Reuters

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.

From BBC

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.

From Reuters