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offtake

Line breaks: off|take
Pronunciation: /ˈɒfteɪk
 
/

Definition of offtake in English:

noun

[mass noun]
The removal of oil from a reservoir or supply.
Example sentences
  • The main reasons for this jump are two: increased sales volumes and less upliftment from Reliance Industries Ltd, pending finalisation of its product offtake agreement with Indian Oil.

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