Port of Corpus Christi to get new oil export terminal

By Patrick C. Miller | March 26, 2018

A new marine terminal facility along the Texas Gulf Coast to export U.S. crude, condensate and refined petroleum products has been approved by the Port of Corpus Christi Commission.

The commission last week approved a lease agreement with Corpus Christi Infrastructure LLC (CCI) for about 55 acres of land on the north side of the Corpus Christi ship channel in the inner harbor for a new oil dock. From 2016 to 2017, the port’s oil exports have increased 267 percent, from an average of 83,488 barrels per day to 306,334 barrels per day.

“This lease agreement aligns with the port’s vision to be the Energy Port of the Americas and the strategic plan goal by supporting the infrastructure developments necessary to move increasing volumes of U.S.-produced energy toward global markets,” said Charles Zahn, port commission chairman.

Under the terms of the lease agreement, the port will construct Oil Dock 22. CCI will install the loading arms, handling equipment, storage tanks and other facilities. The port will dredge a berth to accommodate Suezmax tankers at Oil Dock 22 and CCI will have exclusive use of the dock’s berth.

“This initiative is the outgrowth of CCI’s long-standing relationship with the Port of Corpus Christi,” said John Wang, managing director in the strategy-principal investment group of Castleton Commodities International.  “We find the prospect of promoting energy producer access to global markets to be exciting.”

Zahn said the port authority looks forward to expanding the business at the port while continuing to build a mutually beneficial relationship with CCI.