Wires

Shell seeking license to export US crude oil-spokeswoman

Share

Oct 11 (Reuters) - Royal Dutch Shell has applied tothe U.S. government to export domestic crude oil, a Shellspokeswoman said on Thursday.

"We have applied to the Department of Commerce to exportdomestic U.S. crude oil," Shell spokeswoman Kayla Macke toldReuters, adding that as a global commodity, imports and exportswould follow supply and demand.

Macke declined to comment on the likely export destinationsor the volumes of crude involved.

A surge in domestic production from shale oil reserves inthe Bakken of North Dakota and Eagle Ford of Texas is yieldingan unexpected surplus of light, sweet crude in the UnitedStates.

But U.S. law nearly a century old bars crude oil exportswithout a special license. Until recently, there has been nodemand for overseas shipments, apart from a trickle of crudefrom Alaska that has been routinely exported.

The Financial Times first reported the news. The FT saidVitol and BP were also among the companies that appliedfor the license from the Department of Commerce's Bureau ofIndustry and Security, citing people familiar with the matter.It said both companies declined to comment.

(Reporting by David Sheppard and Jonathan Leff; Editing by GaryHill)

((d.sheppard@thomsonreuters.com)(+1 646 223 6057)(ReutersMessaging: d.sheppard.thomsonreuters.com@reuters.net))

Keywords: SHELL USEXPORTS/CRUDE