Big Oil Companies Making Big Money Moves in Port of Corpus Christi

With the Port of Corpus Christi expected to become the nation’s top crude oil export hub over the next decade, now is a good time to buy or sell a crude oil export terminal along the South Texas waterway, industry analysts said.

Visit Oilfield1 Shop πŸ”₯πŸ”₯πŸ”₯

Flint Hills Resources has become the third company over the past two months to put a Corpus Christi export project up for sale. In a statement Wednesday, the Kansas company, controlled by Charles and David Koch, confirmed hiring J.P. Morgan to put its Ingleside Crude Oil Export Terminal on the market and explore options for a either a sale or a partnership.

The proposed sale comes as Houston pipeline operator Enterprise Products Partners looks to sell its 50 percent stake in a recently completed crude oil export terminal along the Corpus Christi Ship Channel. The Washington private equity firm The Carlyle Group is also seeking to sell a 25 percent stake in a proposed crude oil export terminal on nearby Harbor Island.

Categories: News, Uncategorized

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.