Surging U.S. Demand Keeping Alaska Oil off Export Market
September 11, 2000 - Phillips Petroleum Co., now Alaska's top oil producer after acquiring Arco's operations in the state, says it plans to focus crude oil sales on U.S. West Coast refiners and has no export contracts.
Last month, the Federal Trade Commission debated and ultimately approved BP Amoco's takeover of Arco, and Philips' acquisition of Arco's Alaskan operations, without prohibitions on Alaska oil exports.
Philips, now the state's top producer with about 350,000 barrels a day of net output, has not promised to keep all its Alaskan oil in the United States, Dow Jones reported, but currently has no contracts for export.
Similarly, BP said it plans to use its approximately 300,000 barrels a day of Alaska North Slope production to supply Arco refineries acquired in Washington state end California, and Exxon Mobil said it has not exported Alaskan crude oil in a year and a half.
