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

Tanker Trends

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

Glencore to Lift Iranian Fuel Oil at Bandar Mahshahr

Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of

News

Kemp Joins PMSA as Vice President

The Pacific Merchant Shipping Association (PMSA) announced the hire of Carl Kemp as a Vice President based in the organization’s Long Beach office.    Kemp brings

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Government Update

Canada Says Lifting Some Sanctions Against Iran

The Canadian government said on Friday it was lifting some sanctions against Iran, including the broad ban on financial services, imports and exports, making Canadian

China to Enforce Low Sulphur ECA in Yangtze River Delta

Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year.   China’s

COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make

Logistics

Kemp Joins PMSA as Vice President

The Pacific Merchant Shipping Association (PMSA) announced the hire of Carl Kemp as a Vice President based in the organization’s Long Beach office.    Kemp brings

Baltic Index Records New Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight

COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority 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: 0.0901 sec (11 req/sec)