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07:52 Jul 22, 2005
English to Russian translations [Non-PRO] Bus/Financial - Petroleum Eng/Sci
English term or phrase:ring fence
there is a ring fence drawn around contract area for cost recovery purposesHowever the contract area may be sub-divided into a number of blocks or sub-areas, in which case the ring-fence is tight around the sub-area in which the relevant petroleum E&P activities are carried on.