BHP Billiton Ltd. (BHP) plans to export condensate from the U.S., the first company seen to ship the fuel abroad without express permission from federal regulators. BHP sold a cargo after deciding that it’s a processed product eligible for export and without a direct ruling from the U.S. Commerce Department, said a person familiar with the trade, asking not to be identified because the information isn’t public. The company plans to export condensate from Texas’s Eagle Ford formation that’s been run through distillation towers, Eleanor Nichols, a Melbourne-based BHP spokeswoman, said in an e-mailed statement today. The shipment shows how companies are increasingly finding ways around a four-decade-old law prohibiting most oil from leaving U.S. shores. Enterprise Products Partners (EPD) and Pioneer Natural Resources Co. (PXD) received rulings this year from the Commerce Department allowing them to send the lightly-processed oil overseas. South Korea bought at least one of […]