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Home > Terms > English, UK (UE) > Condensate
Condensate
Very high API crude "oil", which in its natural state is in gaseous form but which condenses to liquid upon production. OPEC has for many years argued over the precise definition of condensates, since it does not include them in individual countries' crude production quotas.
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- Part of Speech: noun
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- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
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