Corpus Christi to develop inland port for supertanker export terminal

Fuel Fix:
The Port of Corpus Christi and investment firm The Carlyle Group will team up to develop an inland crude oil export terminal for some of the world's largest oil tankers.

The project on Harbor Island, just two miles inland from the Gulf of Mexico, would allow Texas' booming oil production to be exported around the world on some of the largest crude oil tankers.

The terminal will include two loading docks and allow very large crude carriers, or VLCCs, to dock. The tankers are preferred by exporters because of their ability to export 2 million barrels of oil per ship.

A separate storage area would be located somewhere across Redfish Bay, which lies to the west of Harbor Island. The cost of the Harbor Island project could be upwards of $1 billion, according to the port's CEO Sean Strawbridge. It is expected to be operational in late 2020.
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The time of the build appears to correspond with the timing of new pipeline capacity from the Permian Basin.  Texas is already the number one exporting state in the US and this will only enhance that status.

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