Code of Federal Regulations · Section
§ 561.318 — Petroleum
31 C.F.R. § 561.318
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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.
Authorizing Statute
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Mode of recovery28 U.S.C. § 2461
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General authority of the Secretary31 U.S.C. § 321