Swiss Gunvor will export oil from the US in April


Commodity trader Gunvor Group Ltd in April, plans to ship the first batch of crude oil Aframax from the port in the state of Texas to Panama

Swiss commodities trader Gunvor Group Ltd. plans to ship in April the first shipment of North American oil, for the first time after removing the 40-year export ban. On it informs Agency Reuters, referring to the representative of the company.

He did not specify the exact ship date, but said that the ship with oil Aframax will depart from the port of Freeport (Texas) to Panama, where there are storage companies.

Recall, the U.S. Congress in December of 2015 lifted the embargo on oil exports from the country, which operated for 40 years, since 1975.

Since the repeal of prohibition, the supply of American oil have already started oil traders such as Vitol, Trafigura and Freepoint Commodities, which export oil to Europe, Latin America and Asia.

Oil and gas giant ExxonMobil was one of the first among the largest U.S. companies, sending oil abroad. Exxon has put U.S. crude at its refinery, located in Sicily.

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