White house: Obama ready to sign the bill to repeal the ban on oil exports from the U.S.

White house: Obama ready to sign the bill to repeal the ban on oil exports from the U.S.


WASHINGTON, December 17. /Corr. Dmitry Kirsanov/. U.S. President Barack Obama still supports a negotiated on Capitol hill a proposal to repeal the ban on oil supplies from the US abroad, but batch is ready to sign the budget bill can become part of this initiative. This was stated on Wednesday at a regular press briefing White house press Secretary Joshua Ernest.

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“It is not the policy that we support, but it should not prevent the President to sign the bill,” – said the official representative of the American administration. Thus he commented on the actions of the leaders of Congress and from Republican opposition and the ruling Democratic party, which on Tuesday agreed to lift the ban on crude oil exports, existing for the past 50 years.

According to Ernest, “we (the Executive branch of the USA – approx. correspondent.) still not supported” is a requirement to lift the ban on the unrestricted sale of American oil to other States. However, the objections of the US administration on this issue are essentially “procedural” in nature, said the representative of Obama. As he said, the U.S. government believes that it already has powers in certain circumstances, to allow the export of oil. “We believe that (new) legislation is not necessary”, – said Ernest.

In this regard, he recalled that “the United States will export 4.3 million barrels of refined petroleum products per day”. In addition, reservations in current U.S. law allows domestic companies to deliver abroad “500 thousand barrels of crude oil per day,” added White house press Secretary.

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Media: the heads of oil companies, the U.S. has asked the authorities to lift the ban on oil exports

Over the past two months, the house of representatives twice voted for the Republicans presented a bill lifting the ban on exporting American oil, but the initiative in both cases was not supported by the Senate. It is expected that the overall fiscal bill, which States the cancellation of this prohibition, Congress in the end of the week.

A ban on the supply of crude oil from the US abroad, in the form of Federal law, in force since 1975. This legal act was prepared after the establishment of the Arab States embargo on oil supplies to Western countries in 1973. Natural gas abroad, US companies can supply only under licences issued by the government. American firms are free to supply to other countries coal and petroleum products, including gasoline. Last year the EU openly acknowledged that Brussels is seeking from Washington in the framework of the transatlantic free trade area start exporting oil and gas to Europe.