US Approved 52 Oil Re-export Licenses in Last 6 Months

MarineLink.com
Tuesday, April 08, 2014

The U.S. Department of Commerce approved 52 crude oil re-export licenses in the last six months to destinations other than Canada, the department said on Tuesday.

The permits, which were approved between October 2013 and March, include 14 licenses for re-exports to European countries, according to data released by the department's Bureau of Industry and Security.

The United States does not allow exports of its own oil with few exceptions such as barrels going to Canada or re-exports of foreign oil from U.S. ports.

Since late February, four licenses were approved for re-exports to Spain, where traders say Enbridge Inc  plans to send Canadian oil as early as this month.

Last week, Enbridge became the first company to confirm plans to re-export Canadian oil via the United States, followed by Valero Energy.

The bureau has also green-lighted three re-export licenses to the United Kingdom since late February and six licenses for re-exports to South America, according to documents Reuters obtained through Freedom of Information Act requests.

Aside from these, the bureau granted two licenses for the temporary export of U.S. oil through the Panama Canal over the last six months. That oil is expected to eventually return to the United States.

A majority of the export licenses approved since October were for barrels destined for Canada.

The bureau does not provide information on the companies behind the licenses or the volume of oil destined for re-exports. The licenses are valid for one year.

he table below lists licenses approved for re-exports between Oct 1, 2013 and March 31, 2014. Exports to Canada and Panama are not among the 52 re-export licenses.

Destination  //  Approved licenses
Argentina  //  1
Barbados  //  1
Brazil  //  1
Chile  //  1
China  //  1
Colombia  //  1
Germany  //  1
India  //  2
Italy  //  2
Japan  //  3
Korea, Republic of  //  4
Malaysia  //  3
Mexico  //  1
Netherlands  //  1
Peru  //  1
Singapore  //  1
Spain  //  4
Taiwan  //  1
Thailand  //  1
Trinidad and Tobago  //  1
United Kingdom  //  6
Uruguay  //  1
Various*  //  13
Canada*  //  43
Panama**  //  2

* Countries may include Argentina, Belgium, Brazil, Canada, Chile, Finland, France, Germany, Greece, Israel, Italy, Japan, Korea, Malaysia, Morocco, Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey and United Kingdom.
** Licenses are for exports of U.S. oil to Canada.
*** Licenses are for temporary exports of U.S. oil through the canal but returning to U.S. soil.

(Reporting by Selam Gebrekidan; Editing by Bernadette Baum and David Gregorio)

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist

A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi,

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

AAPA Elects Quinn as Chairman of the Board

The American Association of Port Authorities (AAPA) elected Jim Quinn, president and CEO of New Brunswick, Canada’s Port Saint John, to serve as the international

News

US Designates Three Marine Highway Projects

U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects.   The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35,

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

Baltic Index Flat on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.   The overall index,

Government Update

US Designates Three Marine Highway Projects

U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects.   The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35,

IMO Forum Aims to Rebuild Somalia's Maritime Sector

A three-day Stakeholders Forum will be held April 27-29 to review draft guidelines for the establishment of a Somalia Maritime Administration, coordinated and funded

EPA Promotes Green Initiatives at Port of Houston

U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy visited the Port of Houston April 24 to highlight grants aimed at improving air quality. The port will receive about $900,

Logistics

Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist

A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi,

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

Baltic Index Flat on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.   The overall index,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2009 sec (5 req/sec)