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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Lerwick Harbor sees Seasonal Boost

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects.

Floating Products Storage in Focus

For much of 2015, talk of floating storage was dominated by speculation that the contango in crude futures might support crude floating storage, says Gibson Tanker Report.

Russia Diesel Exports from Primorsk to Rise in May

Russia is set to export 1.256 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in May, slightly up from 1.209 million tonnes in April, trading sources said on Friday.

Ports

Blacklisted Tanker Returns to Libya's Zawiya Port

A tanker that Libya's rival eastern government had been using to try to export oil in defiance of the Western-backed administration in Tripoli returned to the country on Saturday,

Lerwick Harbor sees Seasonal Boost

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects.

Cory Brothers Opens in Amsterdam Port

Cory Brothers Shipping Agency is delighted to announce the opening of Cory Brothers (The Netherlands) BV, in the port of Amsterdam, servicing the ARA range. The

News

Oil Price Bottoming Depends on Global Growth - IEA chief

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed but that would depend on global economic growth. Asked if oil prices had reached a bottom,

Blacklisted Tanker Returns to Libya's Zawiya Port

A tanker that Libya's rival eastern government had been using to try to export oil in defiance of the Western-backed administration in Tripoli returned to the country on Saturday,

Lerwick Harbor sees Seasonal Boost

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects.

Government Update

Oil Price Bottoming Depends on Global Growth - IEA chief

International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed but that would depend on global economic growth. Asked if oil prices had reached a bottom,

Blacklisted Tanker Returns to Libya's Zawiya Port

A tanker that Libya's rival eastern government had been using to try to export oil in defiance of the Western-backed administration in Tripoli returned to the country on Saturday,

Lerwick Harbor sees Seasonal Boost

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects.

Logistics

Cory Brothers Opens in Amsterdam Port

Cory Brothers Shipping Agency is delighted to announce the opening of Cory Brothers (The Netherlands) BV, in the port of Amsterdam, servicing the ARA range. The

Shipping Industry Flying On The Dragon’s Back

As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually

Panama Canal Dismisses ITF Claims

The Panama Canal has dismisses claims by the International Transport Workers’ Federation (ITF) that questions industry standards and the operation of the Expanded Panama Canal’s new locks.

 
 
Maritime Security Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.0822 sec (12 req/sec)