U.S. Commerce Department Issues Guidance on Exports of Processed Lease Condensate

On December 30, 2014, the U.S. Department of Commerce Bureau of Industry and Security (BIS) published a number of frequently asked questions that provide new guidance on several aspects of the U.S. government's general prohibition on the export of crude oil. In particular, the FAQs provide clarification on the criteria BIS will use to assess whether liquid hydrocarbons have been processed through a distillation tower such that they are no longer considered to be crude oil subject to the general export prohibition.

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