Definition of Petroleum imports

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TeachMeFinance.com - explain Petroleum imports



Petroleum imports

The term 'Petroleum imports' as it applies to the area of energy can be defined as ' Imports of petroleum into the 50 states and the District of Columbia from foreign countries and from Puerto Rico, the Virgin Islands, and other U.S. territories and possessions. Included are imports for the Strategic Petroleum Reserve and withdrawals from bonded warehouses for onshore consumption, offshore bunker use, and military use. Excluded are receipts of foreign petroleum into bonded warehouses and into U.S. territories and U.S. Foreign TradeZones'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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