Reuters| Collin Eaton
Texas is looking to raise money to fund the creation of the largest oil-export port in the U.S. to handle the growth in U.S. exports.
Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country’s largest oil-export port – Corpus Christi, Texas – to handle a surge in U.S. shale production over the next five years. The United States is now exporting more than 2 million barrels of oil a day, but the largest tankers currently only move in and out of a Louisiana offshore port because others are not deep enough.
- EIA Predicts US Oil Production To Top Russia By 2019 July 10, 2018
- Oil exports hit new 3 million barrels record June 27, 2018
- EIA: US total shale regions oil production for July seen up 141,000 bpd June 18, 2018
- Texas oil port to raise $300 million for work to handle U.S. shale export boom June 15, 2018
- How America’s shale plays are turning the U.S. into a global exporting power June 6, 2018
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