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In the short form of the answer, no.
However, you can Export/Share, and then use your extended account to upload whatever your account allows. When PrE 8, and even PrE 9, were being coded, the limit was 10 mins. period. The extended/advanced accounts are fairly new. Perhaps PrE 10 will allow for longer files to be directly uploaded, but we will not know until about late September. By its release, YouTube might offer unlimited Duration, and PrE 10 will have been written for what existed, when it was engineered.
Good luck, and sorry for the bad news. Still, that Export/Share and then Upload has worked for most users with the bigger accounts.
The easiest solution -- and one that many people prefer because it produces a higher quality video -- is to use the method described in the FAQs to the right of this forum.