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Custody Transfer Risk Assessment

Posted in Downstream Hydrocarbons on Wednesday, August 21st, 2013. 2 comments so far
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It is one thing to transfer ownership between seller and buyer when the item sold comes in discrete units. It’s another when it is a free-flowing fluid through pipes. In the process industries, this ownership transfer is known as custody transfer. Wikipedia defines it: Custody Transfer in the oil and gas industry refers to the […]