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image credit: Mike Mozart / Flickr

Trafigura, Phillips 66 Create JV to Develop Deepwater Port in Texas

March 2, 2020

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As informed, the proposed project, to be constructed by Phillips 66, will consist of up to two single point mooring buoys capable of fully loading very large crude carriers (VLCCs) to export crude oil.

“We salute Phillips 66 and Trafigura for agreeing to partner in a single point mooring export facility, and for recognizing the port as an integral part of the success of this ambitious yet much needed capability,” Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi, commented.

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