Custody transfer in the oil and gas industry refers to the transactions involving the handover of a physical substance from one operator to another. This includes the transferring of raw and refined petroleum between tanks and railway tank cars; onto ships, and other transactions.
Custody transfer in the oil and gas industry refers to the transactions involving the handover of a physical substance from one operator to another. This includes the transferring of raw and refined petroleum between tanks and railway tank cars; onto ships, and other transactions.
Source: Wikipedia "Custody transfer" · CC BY-SA 4.0
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