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Tuesday, March 19, 2024
March 19, 2024

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Local Angle: The U.S. House voted to end the decades-old ban on exporting U.S. crude oil.

The Columbian
Published:

Friday’s vote by the U.S. House of Representatives to end a decades-old ban on exporting domestic crude oil to foreign markets won’t change plans for a large oil transfer terminal at the Port of Vancouver, company officials said.

Vancouver Energy representatives have previously declined to speculate on the possibility of lifting the crude export ban. Vancouver Energy General Manager Jared Larrabee said Friday that the project’s business case remains unchanged: It intends to accept North American crude oil, then send it other West Coast facilities.

Larrabee noted that the House’s vote is unlikely to become law and actually lift the ban. And the energy industry is “very divided” on the issue, he said.

Vancouver Energy, a joint venture by Tesoro Corp. and Savage Cos., wants to build an oil transfer terminal capable of handling an average of 360,000 barrels of crude per day. The terminal would be the largest oil-by-rail facility in the United States.

Among those voting Friday to end the oil export ban was U.S. Rep. Jaime Herrera Beutler, R-Camas.

— Eric Florip

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