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Terms that are on use on this site.

There are 132 entries in this glossary.

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Term	Definition
BNOC	The British National Oil Corporation was England’s state-owned oil agency. Established under the Labour government, BNOC became a primary controlling factor in North Sea oil development and a leading player in global oil price controls. 1n 1985 Prime Minister Margaret Thatcher abolished the agency after a series of major BNOC market losses.