Environment & Energy Report

Texas City Takes on Trading Giant in Testy Fight for Oil Exports

Feb. 8, 2019, 2:43 PM

Trafigura Group Ltd., the world’s third-largest independent oil trader, is fine as a customer. But the Port of Corpus Christi doesn’t want to see it as a competitor with billions of dollars at stake.

Port officials are urging Trafigura to scrap a proposed export terminal located 13 miles off the coast that would compete with an onshore expansion by the port. The proposals come at a time when analysts see U.S. crude exports exceeding 8 million barrels a day after 2021, supported by a growing system of new pipelines now being built to serve the Permian Basin.

It’s a fight...

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