Marine Link: Redefining Refining & U.S. Government Policy – Analysis

“A recent WSJ article and BIS permits raise questions and highlight the debate as to what constitutes processing, or refining, or manufacturing, which would make certain hydrocarbon streams to be eligible for export. Poten & Partners explore further in their latest ‘Poten Tanker Opinion’ as follows: This week’s kerfuffle was prompted by a Wall Street Journal (WSJ) article that boldly claimed: ‘The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad.”