Trafigura to Ship Oil from Permian to Corpus Christi
Tuesday, January 23, 2018
Commodities trading house Trafigura said on Tuesday it signed a new agreement with Plains All American Pipeline to transport 300,000 barrels of crude oil per day from the Permian basin to the port of Corpus Christi, in a move aimed at boosting exports.
Trafigura said it would transport the oil via the Cactus II Pipeline, which is targeted for service in the third-quarter of 2019.
(Reporting by Devika Krishna Kumar in New York Editing by Chizu Nomiyama)