Council observing process

Two foreign-flagged tankers hauled Alaska North Slope crude oil from the Valdez terminal this summer for the first time in over 30 years. The last time non-U.S. vessels shipped Alaska crude to foreign refineries was in the 1980s when West Coast refineries could not keep up with the amount of crude coming out of the pipeline.
The first tanker, the Tianlong Spirit, visited the terminal late last July and the second, the Cascade Spirit, arrived in early August. Both are chartered by BP, and owned by Teekay Corporation.
A ban on selling U.S. oil was put in place during the 1970s Arab oil embargo in an effort to keep Alaskan oil in the U.S. At the time, the U.S. was in the middle of an energy crisis and gasoline prices were soaring. Alaska oil was exempted from the ban in 1995 under President Clinton, although the oil still had to be transported by U.S.-flagged tankers. Congress lifted the export ban for the rest of the U.S. in late 2015, which the Alaska delegation sought for the past 20 years. This change also allowed foreign tankers to transport oil out of the U.S.

