NuStar, ConocoPhillips start oil exports from Corpus Christ


Today, though, NuStar Energy and ConocoPhillips announced they are loading an export cargo of Eagle Ford light crude oil/condensate that is expected to complete loading at NuStar's North Beach Terminal located in the Port of Corpus Christi on December 31, 2015.

Vitol Group-a Swiss energy company with interests in refineries in Australia, Belgium, and Persian Gulf-imported the crude oil from these companies.

The first shipment's news comes two weeks after President Barack Obama signed a legislation to remove a 40-year ban on crude oil exports. ConocoPhillips pumped the oil from the Eagle Ford Shale formation in South Texas.

The first shipment of USA crude could sail from NuStar's dock in Corpus Christi, Texas, as early as New Year's Eve. (by Jamie Simon, Waltonian)