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* Related Definitions, Terms and Acronyms:
  • Underground Storage Tank - a tank and any underground piping connected to the tank that has at least 10 percent of its combined volume underground, often used to store petroleum. Underground storage tanks are regulated in the United States to prevent release of petroleum and contamination of groundwater.
  • Amoco Oil Corporation - first incorporated as Standard Oil of Indiana, formed from the breakup of gasoline giant Standard Oil. Amoco was merged with British Petroleum in 1998 to form BP Amoco, later rebranded to BP.
  • Debtor - a person or company owing debt (such as a cash loan).
  • Gasoline or gas - a petroleum-derived liquid mixture consisting primarily of hydrocarbons, used as fuel in internal combustion engines. Often called petrol outside the U.S.
  • Cathodic protection - a technique to control the corrosion of a metal surface such as underground gasoline storage tanks and other metal tanks and structures in corrosive environments.

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