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Chapter HCOTEG11260

Document Cited in Related
Vincent
Published date15 April 2016
Record NumberHCOTEG11260
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

Both crude oil and finished oil products, including biofuels, may be imported into the UK.

Crude oil and semi/finished oil products are traded internationally. Oil has an advantage in that it can be produced and then delivered to markets anywhere in the world. Normally crude oil and natural gas (NG) are imported and used to produce the oil products required in the country of consumption.

Crude oil is delivered mainly by ship to refineries in the UK by the oils majors, who explore for and extract crude oil world-wide. Crude oil and NG are extracted from the North Sea, and imported by pipeline or by tanker from both the UK’s Continental Shelf and from the Norwegian Sector.

In future Liquefied Natural Gas (LNG) will also be imported from the Far East.

NG consists mostly of methane, which can be used for heating and cooking and as a road fuel when compressed (CNG). NG contains other hydrocarbons, which can be collected as Gas Condensate when extracted from Gas pipelines, or removed during processing.

Small amounts of Crude Oil are produced at Wytch Farm in Poole Harbour. There are also a few other small on-shore producers in the UK mainly in southern and eastern England.

Finished oil products can either be purchased from the oils majors in...

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