Crude Oil (Foreign) definition
Crude Oil (Foreign) means a mixture of hydrocarbons that existed in liquid phase in underground reservoirs and remain liquid at atmospheric pressure after passing through surface separating facilities. Drips are also included, but topped crude oil and other unfinished oils are excluded. Natural gas liquids produced at natural gas processing plants and mixed with crude oil are likewise excluded. Foreign crude oil is petroleum produced outside of the United States and includes Athabasca hydrocarbons (oil or tar sands).