Space Industry and Business News  
OIL AND GAS
Murkowski: Why no oil swaps with Mexico?
by Daniel J. Graeber
Washington (UPI) Oct 23, 2015


disclaimer: image is for illustration purposes only

U.S. Sen. Lisa Murkowski, an advocate for repealing a 40-year-old ban on oil exports, said she wants to know why no oil is getting to Mexico under a swap deal.

The U.S. Commerce Department in August granted a request from Mexican energy company Petroleos Mexicanos, known also as Pemex, to swap as much as 100,000 barrels of U.S. crude oil per day for refining.

Legislation enacted in response to an oil embargo enforced in the 1970s by Arab members of the Organization of Petroleum Exporting Countries forbids the export of crude oil. The Commerce Department agreement requires Mexico to refine the crude oil at home and forbids re-export to other nations.

Similar agreements are in place for Canada. Sen. Murkowski, R-Alaska, sent a letter to Commerce Secretary Penny Pritzker asking whether or not such swaps have actually been approved for Mexico.

"There are indications that no such transactions may have actually been approved," Murkowski said.

Murkowski, chair of the Senate Energy Committee, and minority leader Sen. Heidi Heitkamp, D-N.D., called on the Commerce Department to approve the Pemex request in February. If no swaps have taken place, Murkowski said the federal government has missed an opportunity to bolster North American energy security.

Murkowski and Heitkamp said the August nod for oil swaps with Mexico was part of a process to ease the 1970s export ban. Despite what Murkowski described as a "flurry of legislative activity" aimed at repealing the ban, the White House has deferred action to the Commerce Department's Bureau of Bureau of Industry and Security.

BIS has approved the export of an ultra-light form of oil called condensate that's processed in a way that means it doesn't meet the federal classification for crude oil.

Advocates for a full repeal of the ban, like Murkowski, say it would spur North American economic stimulus while increasing U.S. leverage overseas. Opponents say many of the benefits are overstated, adding most overseas refineries aren't configured to process the types of oil found in the United States.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Russian gas giant: Expansion of pipeline ensures reliability
Paris (UPI) Oct 23, 2015
Russian natural gas company Gazprom said expanding the Nord Stream pipeline to Europe adds another layer of security to the region's energy sector. Russia meets about a quarter of European gas needs, though the bulk of that gas runs through a Soviet-era pipeline network in Ukraine. Conflict and ongoing debt issues between Gazprom and Kiev have created risks to the conventional artery, a ... read more


OIL AND GAS
Nanoscale diamond 'racetrack' becomes breakthrough Raman laser

Deutsche Telekom, Huawei in cloud link to rival Amazon

Ukraine to receive U.S. radars by mid-November

Metal defects can be eliminated by cyclic loading

OIL AND GAS
Southeast Asian nation awards Harris $10 million contract for radios

Harris delivering tactical radios to multiple customers

LGS Innovations enhances ISR technologies

Harris supplying tactical radios to Special Operations Forces

OIL AND GAS
Ariane 5 is delivered for Arianespace's sixth heavy-lift mission of 2015

ORBCOMM Announces Launch Window For Second OG2 Mission

10th Anniversary of the Final Titan

China puts new communication satellite into orbit for HK company

OIL AND GAS
Russian-Chinese Sat NavSystem to Launch on Silk Road, EEU Markets

ISRO looking to extend GPS services to SAARC countries

Last of the dozen GPS IIF satellites arrive at CCAFS for processing

Glonass system can fully switch to domestic electronics in 2 years

OIL AND GAS
French family defiant as airport developers push to evict them

Lockheed Martin delivers naval helo for Denmark

Boeing opens advanced research facility

Australia banners industry work on F-35

OIL AND GAS
Electronics get a power boost with the addition of a simple material

Light goes infinitely fast with new on-chip material

Chemical microdroplet computers are easier to teach than to design

EU clears chipmaker Intel's $16.7 bn buyout of Altera

OIL AND GAS
China's hi-res mapping satellite sends back more visual data

Daily Views of Earth Available on New NASA Website

Sentinel-3A shows off

China reports less pollution from burning straw

OIL AND GAS
Orange peels to combat mercury contamination

Toxins remain in clothes long after manufacturing

India's capital holds first 'car-free day' to combat filthy air

The shape of a pipe dramatically affects how pollutants will spread









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.