After a WSJ story broke in late June that the Commerce Department’s Bureau of Industry and Security (BIS) had permitted the export of condensates by Enterprise and Pioneer, a good number of additional export requests were received by the agency. Then a couple of weeks ago, Reuters reported that the BIS had put a “hold” on the approval of any more requests, implying that potential condensate exports were in limbo. Turns out, as we understand it, there is no limbo – it is nothing more than an administrative process that takes time for any of these requests while the applicant is providing additional supporting information that the BIS requires. There has also been misunderstanding in the industry about the process of receiving BIS approval for exports. But in fact, approval is a fairly straight forward process of having BIS agree that your product should be classified as something designated EAR99 and assigned a CCATS number – for Common Classification Automatic Tracking System. Today we explore this process and what it takes to get condensates approved for export.
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