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MBS Online data dictionary
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Term
crude oil
Description (strictly conventional crude oil) a mineral oil of fossil origin extracted by conventional means from underground reservoirs, and which comprises liquid or near-liquid hydrocarbons and associated impurities such as sulphur and metals. This category should exclude natural gas liquids (15).
Source United Nations, International Recommendations for Energy Statistics. Statistical Papers, Series M, No. 93 (United Nations publication, Sales No. E.14.XVII.11).
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