April 8, 2014 / 7:23 PM / in 4 years

UPDATE 1-U.S. approved 52 oil re-export licenses in last 6 months

(New throughout, adds table, details on export destinations)
    By Selam Gebrekidan
    NEW YORK, April 8 (Reuters) - 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.
    The 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)

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