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Electronic Code of Federal Regulations

e-CFR data is current as of November 19, 2019

Title 31Subtitle BChapter VPart 561Subpart C → §561.318


Title 31: Money and Finance: Treasury
PART 561—IRANIAN FINANCIAL SANCTIONS REGULATIONS
Subpart C—General Definitions


§561.318   Petroleum.

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.

[78 FR 16408, Mar. 15, 2013]

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