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Dec 30, 2014

Exclusive: U.S. agency gives quiet nod to light oil exports – sources

WASHINGTON (Reuters) – The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions.

In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce Department’s Bureau of Industry and Security (BIS) has told companies seeking clarification on the legal status of so-called “processed condensate” that self-classification – whereby companies export their product without any formal authorization – could be a way forward, the people told Reuters.

Dec 30, 2014

US agency gives quiet nod to light oil exports-sources

WASHINGTON, Dec 30 (Reuters) – The main U.S. export
authority is telling some oil companies that they should
consider exporting a lightly processed form of crude oil called
condensate without formal permission, according to people
familiar with the discussions.

In conversations that may help clear the way for more
overseas sales of U.S. shale oil, the Commerce Department’s
Bureau of Industry and Security (BIS) has told companies seeking
clarification on the legal status of so-called “processed
condensate” that self-classification – whereby companies export
their product without any formal authorization – could be a way
forward, the people told Reuters.

Dec 29, 2014