The Commerce Department of the US will permit two Texas-based companies to export the ultra-light condensate for the first time since the 70s following the boom in fracking-based exploration and production of natural gas and oil - AFP Photo.
WASHINGTON: The US will allow two companies to export unrefined oil for the first time in four decades, taking steps to break a ban on crude exports, The Wall Street Journal reported Tuesday.
The Commerce Department will permit the two Texas-based companies to export the ultra-light condensate, which has grown in supply on the back of the boom in fracking-based exploration and production of natural gas.
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