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Kerry Picket | U.S. begins shipping crude after 40-year ban lifted





Kerry Picket, The Daily Caller:

NuStar Energy and ConocoPhillips loaded a vessel with light crude oil pumped from the Eagle Ford Shale of South Texas at NuStar’s North Beach Terminal at Port Corpus Christi. The crude is to be sold to the international trading company Vitol.

“Infrastructure improvements at Port Corpus Christi have placed our port in a unique position as a critical component in the export of U.S. crude and condensate. Port Corpus Christi’s deep draft ship channel and strategic location to some of the largest production areas in the US provides a secure and competitive supply chain to markets worldwide,” John LaRue, Port Corpus Christi Executive Director, said in a statement. “Future capital improvements including deepening the ship channel will accommodate larger vessels that are required to cost effectively supply US crude oil to global markets.”

More.



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