New oil infrastructure is necessary due to the significant aging of existing facilities. With the expansion of refineries on the Texas Coast, this new oil terminal will facilitate offloading tankers to supply those refineries.
Platform may take 20 percent of oil imports
Project is expected to cost $1.8 billion
By John Porretto
ASSOCIATED PRESS
Tuesday, August 19, 2008
HOUSTON — An oil terminal and pipeline network expected to be built off the Texas Gulf Coast and open in about two years would be capable of handling nearly 20 percent of the nation's daily imported oil.
Demand from expanding refineries along the coast, from Freeport to Port Arthur, is driving the...(complete article here).
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