answersLogoWhite

0


Best Answer

Not really. The US is the owner of all offshore mineral rights, but through lease sales of offshore blocks, the US leases out the rights to explore and produce oil in particular blocks over a defined time periods. BP is entitled through the leasing contracts to sell all the oil it produces. The US does make money through royalty payments on oil that BP sells.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does the US own any part of BP oil?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How many oil rigs does BP own at the Gulf of Mexico?

4


Does BP own Shell?

No, they are two completely separate and competing oil companies.


Were there any houses affected by the BP oil spill in 2010?

No.


Is bp visco 2000 20w50 oil part synthetic or mineral?

It is conventional oil and contains no synthetic oil. 3000 & 5000 are part synthetic and part conventional. 7000 is a full synthetic oil.


Does the capped pipe ever leak from bp oil spill?

The Deepwater Horizon oil spill (also referred to as the BP oil spill, the BP oil announced that BP would be temporarily banned from new contracts with the US.


What problems did the BP have with the oil spill in the gulf?

BP was the company who owned the oil that caused the oil spill.


How many occurrences of oil spills has BP had?

BP has had 2 major oil spills: The BP Alaskan oil spill of 2006, and the 2010 Gulf of Mexico Oil spill of 2010.


States that were afected by the BP oil spill?

Which states were affected by the bp oil spill?


Who is BP?

BP = British Petroleum, an oil company


Why is the oil spill named bp?

BP was the large energy company who was in charge of final operations at the site of the BP oil spill.


Has coco beach floridia reported any oil on its beaches from the BP oil leak in the gulf?

As of June 12- no.


What sector of the economy is BP in?

I'll have to make a few assumptions here: A. BP is British Petroleum; B. BP drills for oil in Country ABC; and C. BP sells oil to Country XYZ. In this scenario the oil BP sells in ABC is listed as an export product. If specific to oil and not oil products or gas, then it's Oil under exports.