oil companies

oil companies

Exclusive: U.S. Agency Gives Quiet Nod to Light Oil Exports - Sources

2mo ago
SOURCE  

Description

According to people familiar with the discussions, 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. 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. http://news.yahoo.com/exclusive-u-agency-gives-quiet-nod-light-oil-120629310--finance.html http://www.wochit.com