The government had earlier frozen employment of new recruits due to the austerity measures resulting from the production shutdown of the main source of revenues -- the oil.
What does PSD stand for?
PSD stands for Production Shutdown
This definition appears rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of PSD
We have 442 other meanings of PSD in our Acronym Attic
- Printer Sharing Device
- Private Sector Development
- Process Shutdown (oil, chemical and process industries)
- Process Specification Departure
- Product Safety Directive
- Product Sales Data
- Product Service Description (Interoperability Elements of Service)
- Product Specifications Document
- Product System Demonstration
- Production Services Directory (film; various locations)
Samples in periodicals archive:
A subsidiary of BP was ordered to pay the state of Alaska $255 million for royalties lost because of production shutdowns after two North Slope oil spills in 2006 and a subsequent pipeline replacement project, according to the Anchorage Daily News.
The European benchmark has gained support this week from production shutdowns in Nigeria and the North Sea.
Now that the federal government has decided to be callous-minded, we hereby direct all production platforms to be on red alert in preparation for total production shutdown," the union said Thursday.
Much of the oil in demand to replace a Libyan production shutdown due to the civil war is sweet and light, he said.
Byline: Jon Griffin A pounds 300,000 emergency fund has been earmarked for Midland manufacturers hit by temporary production shutdowns following the devastating tsunami in Japan.
He noted DNO had been preparing for a production shutdown, but were informed activity could resume before any shutdown had taken place.