Skip to content

Menu

LexBlog, Inc. logo
NetworkSub-MenuBrowse by SubjectBrowse by PublisherBrowse by ChannelAbout the NetworkJoin the NetworkProductsSub-MenuProducts OverviewBlog ProBlog PlusBlog PremierMicrositeSyndication PortalsAbout UsContactSubscribeSupport
Book a Demo
Search
Close

BIS Lifts Licensing Requirements for Crude Oil Exports

By Ajay Kuntamukkala, Mary Anne Sullivan, C. Kyle Simpson, Stephen Propst, Anthony Capobianco, Brian Curran, Aleksandar Dukic & Beth Peters on December 28, 2015
Email this postTweet this postLike this postShare this post on LinkedIn

2000px-US-DOC-BureauOfIndustryAndSecurity-Seal_svg The Bureau of Industry and Security (BIS) announced that crude petroleum is now classified as EAR99 and may be exported from the United States without an export license. This news follows the passage of the 2016 Consolidated Appropriations Act (H.R.2029) on December 18th, which ended the export ban on crude oil.

For the text of the BIS announcement, please see below:

“Effective immediately, pursuant to section 101 of Division O of the Consolidated Appropriations Act, 2016, signed on December 18, 2015, a Department of Commerce license is no longer required to export crude oil. Crude oil is now classified as EAR99. Most exports of crude oil may now be made as NLR (no license required). Exporters should be aware that exports to embargoed or sanctioned countries or persons, including those listed in parts 744 and 746 of the EAR and persons subject to a denial of export privileges, continue to require authorization.

BIS will shortly be taking steps to amend the Export Administration Regulations to reflect this change. Companies holding current licenses for crude oil exports should be aware of section 750.7(i) of the EAR terminating license conditions upon the termination of the requirement for the export license.”

Photo of Ajay Kuntamukkala Ajay Kuntamukkala
Read more about Ajay KuntamukkalaEmail
Photo of Stephen Propst Stephen Propst
Read more about Stephen PropstEmail
Photo of Anthony Capobianco Anthony Capobianco
Read more about Anthony CapobiancoEmail
Photo of Brian Curran Brian Curran
Read more about Brian CurranEmail
Photo of Beth Peters Beth Peters
Read more about Beth PetersEmail
  • Posted in:
    Administrative, Featured Posts
  • Blog:
    Focus on Regulation
  • Organization:
    Hogan Lovells
  • Article: View Original Source

LexBlog, Inc. logo
Facebook LinkedIn Twitter RSS
Real Lawyers
99 Park Row
  • About LexBlog
  • Careers
  • Press
  • Contact LexBlog
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Terms of Service
  • RSS Terms of Service
  • Products
  • Blog Pro
  • Blog Plus
  • Blog Premier
  • Microsite
  • Syndication Portals
  • LexBlog Community
  • Resource Center
  • 1-800-913-0988
  • Submit a Request
  • Support Center
  • System Status
  • Resource Center
  • Blogging 101

New to the Network

  • Tennessee Insurance Litigation Blog
  • Claims & Sustains
  • New Jersey Restraining Order Lawyers
  • New Jersey Gun Lawyers
  • Blog of Reason
Copyright © 2025, LexBlog, Inc. All Rights Reserved.
Law blog design & platform by LexBlog LexBlog Logo