BP Oil Co., which last year denied reports of a contract to export Alaska North Slope crude oil to Taiwan's China Petroleum Corp., now says it plans to sell "in excess of 10,000 barrels per day" to the state-owned company.
''We have done a deal with CPC," a BP spokesman in Cleveland said Tuesday. "And we are in active negotiations with a number of other Asian refiners." Sen. Frank Murkowski, R-Alaska, announced the ANS sale during a recent trip to Taipei.He said the export volume will come from "the roughly 100,000 barrels per day of oil that is currently excess to West Coast oil needs." The start of the Taiwan contract, however, is contingent on the receipt by BP of an export license, which is not expected before the second quarter of the year.
In November, President Clinton signed legislation that lifts the 22- year-old ban on ANS exports.