Soaring U.S. oil exports have made Corpus Christi the world’s third-largest crude export terminal as ports in the U.S. Gulf Coast are shipping growing volumes of American energy to the international markets, including crude oil, fuels, and LNG. The Port of Corpus Christi has just announced record-high volumes moved through the Corpus Christi Ship Channel, thanks to rising shipments of crude oil. The port currently handles more than half of all U.S. crude oil exports and is also the top LNG point of export. Corpus Christi is preceded only by the Ras Tanura Port in Saudi Arabia and the Basrah oil export port in Iraq. In Iraq, Al Basrah Oil Port is capable of exporting more than 3.2 million bpd, making it the second-largest oil export facility in the world.

Source: Libya Today October 21, 2024 23:11 UTC