The Nation : Oil Export to Japan OKd
President Reagan has lifted restrictions on the export of oil from Alaska’s Cook Inlet to permit its sale to Japan and other nations on the Pacific Rim, Commerce Secretary Malcolm Baldrige announced. Baldrige said the action means that initially at least 6,000 barrels of oil a day may be sold abroad. The amount represents Alaska’s royalty share of daily production of about 60,000 barrels at Cook Inlet, he said. The decision does not affect the export ban on Alaska’s North Slope oil.
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