1. LawStack
  2. Title 31 - Money and Finance: Treasury
  3. Subtitle B - Regulations Relating to Money and Finance
  4. Chapter V - Office of Foreign Assets Control, Department of the Treasury
  5. Part 561 - Iranian Financial Sanctions Regulations
  6. Subpart C - General Definitions
  7. 31 CFR § 561.318
31 CFR § 561.318
Petroleum
July 31, 2023
CFR

§ 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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§ 561.317 Money service businesses
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§ 561.319 Petroleum products

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