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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Benghazi Port Still Closed, Imports Rerouted

The commercial port in Libya's second city, Benghazi, remains closed due to fighting between pro-government and Islamist forces, forcing wheat imports to make a detour via Tobruk harbour,

EGAS Tenders for as many as 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior

Ports

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Government Update

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

Logistics

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1644 sec (6 req/sec)