Port of Corpus Christi Commission Approves Agreement for Offshore Deepwater Port Project
Posted on Dec 16, 2020 in News, Press Releases
The Port of Corpus Christi Authority Commission approved a lease agreement and related pipeline easement for the Bluewater Texas Terminals, LLC (BWTX) offshore deepwater port project — a 50/50 joint venture between Texas-based Phillips 66 and Trafigura Group Pte. Ltd. This agreement facilitates BWTX’s plans to provide safe and environmentally friendly infrastructure for the increasing exports of responsibly produced U.S. crude oil to the global demand markets that prefer U.S. energy.