BIS Says License No Longer Required to Export Crude Oil
A license from the Bureau of Industry and Security is no longer required to export crude oil, following the repeal of the oil export ban by the fiscal 2016 omnibus spending bill signed into law Dec. 18 (see 1512210002">1512210002), said…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
BIS (here). Effective immediately, crude oil is now designated as EAR99, which covers items subject to Export Administration Regulations, but not listed with a specific export control classification number, it said. Exports to embargoed or sanctioned countries and people will continue to require authorization.