FOREIGN CONCESSIONS definition
FOREIGN CONCESSIONS means all agreements (and applications and planned applications therefor) with Governmental Entities (or their designated representative with responsibility for granting rights to explore for, develop and produce hydrocarbons), of countries other than the United States, whereby the holder thereof or grantee thereunder has (or in the case of an application or planned application, is applying or will apply to have) an interest in oil, gas or other hydrocarbon reserves and production, and/or the right to explore for, develop or produce oil, gas or other hydrocarbons, including production sharing contracts and agreements, concessions, licenses and leases.