BP Splitter Refinery Seen Skirting U.S. Oil Export Ban
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The oil industry is pressuring President Barack Obama to end the 41-year-old ban on most crude exports. BP Plc isn’t waiting for a decision.
The British oil giant has signed on to take at least 80 percent of the capacity of a new $360 million mini-refinery in Houston that will process crude just enough to escape restrictions on sales outside the country.