Plains All American Pipeline is set to transport 300,000 barrels of crude oil per day from the Permian Basin to the port of Corpus Christi, Texas via the Cactus II Pipeline for Trafigura Trading.
This commitment will enable Trafigura to transport crude oil bought from producers in the Permian basin, the world’s fastest growing oil producing region, and deliver crude for American and international refining customers, the company’s splitters and export terminal in Corpus Christi. The export terminal is co-owned with Buckeye Partners L.P., with Trafigura retaining exclusive throughput rights.
Head of Oil Trading and Director for Trafigura North America, Corey Prologo said: “This is one of the largest commitments of its kind to be signed in the US and solidifies Trafigura’s position as a leading US exporter of crude oil and refined products. As demand for American crude continues to grow we’ll be able to bring our significant logistics infrastructure, global customer base and marketing skills to producers in the Permian Basin.”
For more information visit www.trafigura.com
25th Jan 2018