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22:25 Mar 15, 2008
This question was closed without grading. Reason: Answer found elsewhere

English to English translations [PRO]
Bus/Financial - Accounting
English term or phrase: upstream
Dear all!

Could anyone provide me with an explanation of this term?

This is the sentence where the term is found:

"In the calculation of the profit contribution on sales, transfer prices approximating market value for **upstream products** should be used. If such pricing is not available, the **upstream product** should be priced at an amount that would earn the cost of capital on the **upstream assets**."

Any help appreciated!
Adam Załuski
Local time: 14:56
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Summary of answers provided
2 +3stage in gas/oil extraction and production before the raw material is ready for re
Jay Whitten
4base (products)Vittorio Ferretti


Discussion entries: 3





  

Answers


15 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +3
stage in gas/oil extraction and production before the raw material is ready for re


Explanation:
http://www.webopedia.com/TERM/u/upstream.htm

http://www.encyclopedia.com/doc/1O999-upstream.html

http://www.balli.co.uk/Activities/Balli_Steel/Markets_segmen...

http://www.answers.com/topic/nalco-company-energy-services-d...

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Note added at 18 mins (2008-03-15 22:43:30 GMT)
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"upstream - at a stage in the process of gas or oil extraction and production before the raw material is ready for refining."

http://www.streetauthority.com/cmnts/cp/2007/08-16-mlps.asp
"By contrast, "upstream" assets like oil and gas producing properties have been stowed away into income trusts."

Jay Whitten
Russian Federation
Local time: 15:56
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  Michael Tovbin: oil, gas, or condensate. Anything directly extractable from the ground.
35 mins
  -> thanks!

agree  Phong Le
3 hrs
  -> thanks!

agree  ADELLEBJ
2 days9 hrs
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9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
base (products)


Explanation:
I understand it as those products, which in the production chain to the end customer, are "upstream" i.e. before the viewpoint of the writer; an example of such usage of "upstream product" is in the link.


    Reference: http://www.researchinchina.com/report/Telecommunications/137...
Vittorio Ferretti
Local time: 14:56
Works in field
Native speaker of: German

Peer comments on this answer (and responses from the answerer)
neutral  fourth: Yes. However, we are looking at adjusting the accounting to eliminate under/over transfer values, wouldn't you say, Vittorio ie in a group context.
2 hrs
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