U.S. approved five oil re-export licenses in April
NEW YORK, May 8 (Reuters) - The U.S. Department of Commerce approved five crude oil re-export licenses in April, the latest department data showed on Thursday. Among the approved permits were licenses for exports of foreign-origin oil to China, India, Korea and Malaysia. The department did not specify the destination for one of the licenses it permitted. Three additional licenses were approved for exports of U.S. oil to Canada. The United States does not allow exports of its own oil with few exceptions such as barrels heading to Canada and the re-export of foreign oil. Exports under the exemptions need to be approved by the department's Bureau of Industry and Security. All licenses are valid for one year. Below is a list of those approved in April. Destination Number of licenses China 1 India 1 Korea, Republic of 1 Malaysia 1 Various* 1 Canada** 3 * 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. (Reporting by Selam Gebrekidan)
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