Global Petroleum negotiated a deal with Saudi Arabia in which Global Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of

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joannleeolsen2918 joannleeolsen2918

09-12-2021
Business

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Global Petroleum negotiated a deal with Saudi Arabia in which Global Petroleum would build several refineries in Saudi Arabia and receive oil as partial payment over a 20-year period. This is an example of

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Baraq Baraq · Answer 1 · 2021-12-14T13:25:37+01:00

Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of Bartering.

What is a Bartering?

Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.

Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of Bartering.

Hence, in this case, it is concluded that the correct answer is Bartering.

Learn more about Bartering here: https://brainly.com/question/1462751