The Department of Commerce determined this week that two companies that produce condensate, a light oil, can export the petroleum if it is processed by a distillation tower. The Department of Commerce told Irving, Texas-based Pioneer Natural Resources (PXD.N) and Houston-based Enterprise Product Partners (EPD.N) this week that they can export crude that has been lightly processed after they asked the department for clarification.
via Business News - Yahoo Finance http://ift.tt/1lVJKMb
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