foreign oil related income
(2) Foreign oil related income The term “foreign oil related income” means the taxable income derived from sources outside the United States and its possessions from— (A) the processing of minerals extracted (by the taxpayer or by any other person) from oil or gas wells into their primary products, (B) the transportation of such minerals or primary products, (C) the distribution or sale of such minerals or primary products, (D) the disposition of assets used by the taxpayer in the trade or business described in subparagraph (A), (B), or (C), or (E) the performance of any other related service. Such term does not include any dividend or interest income which is passive income (as defined in section 904(d)(2)(A) ).