First export shipment of crude oil to leave Port of Houston

Fuel Fix:
Enterprise Products Partners plans to fill a tanker with of U.S. crude in early January and send it overseas — laying claim to the first shipment of domestic oil from the Gulf Coast since the government lifted a 40-year ban on such exports last week.

The Houston-based midstream company said it will transport about 600,000 barrels of domestic light crude oil to Houston and load it onto a tanker at the Enterprise Hydrocarbon Terminal in the first week of 2016. In its announcement Wednesday, Enterprise didn’t identify the source of the oil or its destination.

“We applaud the actions of Congress and President Obama to remove the ban on U.S. crude oil exports,” said Jim Teague, chief operating officer of Enterprise’s general partner, in a prepared statement. “Enterprise’s integrated system enabled us to quickly respond to customer demand for U.S. crude oil by international markets.”
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The company has been exporting the lighter condensate which was exempted from the old restrictions.   The story does not indicate the destination of the shipment.  The Port of Houston and Port of Corpus Christi are likely to be the main export facilities for the crude shipments.

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