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Senator urges Obama administration to fully lift crude oil export ban
June 24, 2014 / 10:28 PM / 3 years ago

Senator urges Obama administration to fully lift crude oil export ban

WASHINGTON (Reuters) - Senator Lisa Murkowski urged the Obama administration on Tuesday to fully lift the 40-year-old ban on crude exports after a news report said U.S. officials have allowed two companies to export shipments of a light oil called condensates.

The Wall Street Journal reported that the U.S. Commerce Department gave approval via a private ruling to Pioneer Natural Resources Co and Enterprise Product Partners LP to export the oil.

“Commerce’s decision to allow companies to process condensate and export the resulting products is a reasonable first step that reflects the new reality of our energy landscape,” Murkowski of Alaska, the top Republican on the Senate energy committee, said in a release. “I continue to urge the administration to fully lift the ban on crude oil and condensate exports.”

Reporting by Timothy Gardner; Editing by Eric Beech

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