Oil and gas
(g) Oil and gas(1) In general. Under section 927(a)(2)(C), export property does not include oil or gas (or any primary product thereof). (2) Primary product from oil or gas. A primary product from oil or gas is not export property. For purposes of this paragraph (i) Primary product from oil. The term primary product from oil means crude oil and all products derived from the destructive distillation of crude oil, including (A) Volatile products, (B) Light oils such as motor fuel and kerosene, (C) Distillates such as naphtha, (D) Lubricating oils, (E) Greases and waxes, and (F) Residues such as fuel oil. (ii) Primary product from gas. The term primary product from gas means all gas and associated hydrocarbon components from gas wells or oil wells, whether recovered at the lease or upon further processing, including (A) Natural gas, (B) Condensates, (C) Liquefied petroleum gases such as ethane, propane, and butane, and (D) Liquid products such as natural gasoline. (iii) Primary products and changing technology. The primary products from oil or gas described in subdivisions (2)(i) and (ii) of this paragraph and the processes described in those subdivisions are not intended to represent either the only primary products from oil or gas, or the only processes from which primary products may be derived under existing and future technologies. For example, petroleum coke, although not derived from the destructive distillation of crude oil, is a primary product from oil derived from an existing technology. (iv) Non-primary products. For purposes of this paragraph, petrochemicals, medicinal products, insecticides and alcohols are not considered primary products from oil or gas.