San Antonio-based NuStar Energy said last week it received the first shipment of Permian Basin crude oil at its export terminal in Corpus Christi. NuStar recently completed work to connect its Corpus Christi North Beach export terminal to Cactus II pipeline, a project of Houston-based Plains All American Pipeline that connects the Permian Basin to the Gulf Coast. After being transported more than 500 miles, the Permian crude is stored in NuStar tanks for loading into tankers for export. And NuStar is working to connect the export terminal to two additional pipelines from Permian Basin now under construction.
Neal Barron, CEO, said Aug. 14, “We are excited to have these connections completed, and we are even more excited that we will soon be the first in the Port of Corpus Christi to export these barrels transported to south Texas via one of three large Permian long-haul pipeline projects. We continue to believe that the biggest impact from the growth in the Permian Basin on the horizon is the growth in Gulf Coast crude exports, particularly from the Port of Corpus Christi, and with our existing pipeline and terminal operations in south Texas and Corpus Christi we are uniquely positioned to play a major role in getting more crude oil to export markets.”
