ANNOUNCEMENT 12 May 2016In May 2016, the government of the United States of America announced an altered export prohibition.
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In a final rule published in the Federal Register (Volume 81, Number 92) on May 12, 2016, the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce amend the Export Administration Regulations (EAR) to remove the short-supply license requirements that previously applied to exports of crude oil from the United States. The changes made by this rule are intended to remove existing barriers to restrictions on the export of crude oil. Exports of crude oil continue to require authorization from BIS to embargoed or sanctioned countries or persons and to persons subject to a denial of export privileges. This rule is effective May 12, 2016.