Enterprise Ships Houston’s First Crude Oil Export

Getty Images

Getty Images

On Friday, Enterprise Products Partners LP began loading the Liberia-flagged Angelica Schulte tanker with 60,000 barrels of oil to be delivered to Switzerland-based trading company Vitol.

The shipment is the first crude oil export from the Houston Ship Channel.

Last week, ConocoPhillips sent the country’s first export shipment from the Port of Corpus Christi to Vitol after the federal government lifted the ban on crude oil exports on Dec. 18. Enterprise, with its substantial resources, wasted no time to jump on the opportunity as well.

“Enterprise’s integrated system enabled us to quickly respond to customer demand for the U.S. crude oil by international markets,” Enterprise CEO Jim Teague said in a prepared statement last week.
Enterprise is the Houston area’s fourth-largest public company. In 2014, the company had a total revenue of $47.95 billion according to a report by the Houston Business Journal. Last month, it completed the final phase of its liquified petroleum gas export terminal expansion on the Houston Ship Channel.

More crude exports are expected to ship from Houston and Corpus Christi since both cities are among the largest staging areas in the country.

Article written by HEI contributor Aliyah Cole.

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