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Arco Changes Stance and Backs Lifting Oil Export Ban, Alaska Governor Says. (Originated from Anchorage Daily News)
Jan. 27--Arco will support lifting the oil-export ban after years of remaining neutral on whether North Slope crude should be sold abroad, Gov. Tony Knowles said Thursday.
The move will likely help Alaska's congressional delegation in its bid to overturn the ban, because the state's oil industry will not be as divided on the issue. British Petroleum - the state's top oil producer - has been pushing to end the export prohibition. Arco and Exxon - the Nos. 2 and 3 producers - had not joined BP's lobbying.
But even with Arco's change of heart, significant hurdles to ending the ban remain. The newest obstacle arose recently when a Senate rule maker sent legislation on …
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Magazine article from: The Oil and Gas Journal
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700+ words
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