Colonial Partners With Enterprise For Fuel Exports From Beaumont Terminal
NEW YORK, Oct 10 (Reuters) - Colonial Pipeline and Enterprise Products Partners said on Tuesday they have partnered to boost exports from the Beaumont refined oil products terminal in Texas to rival the Houston Ship Channel.
Colonial Terminal Logistics, a unit of Colonial Pipeline, is offering marine logistic services, that include blending, dock usage and access to as much as 2 million barrels of new storage at Enterprise's Beaumont, Texas, facility.
Colonial's shippers will be able to move fuel from thirteen Gulf Coast refineries to the Beaumont terminal for vessel loading.
The Colonial Pipeline is the biggest refined products system in the U.S. and hauls more than 3 million barrels of gasoline, diesel and other fuel from the Gulf Coast to the populous northeast every day.
U.S. refined product exports have surged over the past year as demand from Latin America and Europe jumped. Exports of petroleum products topped 5 million barrels per day in the week to Sept. 29, the highest in more than three months, according to U.S. government data.
(Reporting by Devika Krishna Kumar in New York; Editing by Marguerita Choy)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds