GroundRules
31 CFR 561.318: Petroleum.
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
- PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS
- Subpart C—General Definitions
The term petroleum (also known as crude oil) means a mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities.
Collected 2026-08-27T02:25:25Z. Source file · JSON