2EMarketable petroleum commodity

2E Marketable petroleum commodity

(1) A marketable petroleum commodity is a product listed in subsection (2) that: (a) is produced from petroleum for the purpose of: (i) sale; or (ii) use as a feedstock for conversion to another product (whether a product listed in subsection (2) or not); or (iii) direct consumption as energy; and (b) is in its final form for that purpose. (2) The products are as follows: (a) stabilised crude oil; (b) sales gas; (c) condensate; (d) liquefied petroleum gas; (e) ethane; (ea) shale oil; (f) any other product specified in regulations made for the purposes of this paragraph. (3) However, a product cannot be a marketable petroleum commodity if it has been produced wholly or partly from a product that was a marketable petroleum commodity.