The move, which came in private classification orders issued by the Commerce Departments Bureau of Industry and Security, effectively confirms that hydrocarbon known as condensate qualifies as a petroleum product once it has been processed in a distillation tower
...The decision falls far short of what oil producers and some of their allies in Congress have been urging including a wholesale repeal of the trade limits on crude. But it could provide a new avenue for the ultra-light condensate that flows along with crude out of many Texas wells tapping the Eagle Ford Shale and effectively delay a broader, deeper debate about broader crude exports.
Because the classification ruling is limited to condensate that has been run through a distillation tower, it does not apply more broadly to unprocessed condensate that has just flowed out of oil and gas wells.
Distillation involves using heat and condensation to separate hydrocarbons into their different streams and generally goes beyond simply stabilizing condensate for pipeline transport by boiling off butane and other light, volatile gases.