The first American crude oil export shipment in more than 40 years arrived in Marseilles, France on Jan. 20.
The shipment was made after federal officials lifted the ban on exporting crude oil in December. Vitol, a Switzerland-based trading company, came out as one of the first buyers of the light crude from Texas (buying from the Houston-based ConocoPhillips and Enterprise Products Partners LP). The South European Pipeline in Marseilles connects to Vitol’s Cressier Refinery in Switzerland.
ConocoPhillips used a NuStar Energy LP terminal at the Port of Corpus Christi where an oil tanker named the Theo T unloaded its cargo and left for Algeria. The crude oil’s final destination has not been disclosed.
Two more crude oil export shipments from Texas have reached their European destinations as well. Both are Enterprise Products Partners’ oil tankers that embarked from the Port of Houston. The Seaqueen arrived in Rotterdam in the Netherlands on Jan. 21., and the Angelica Schulte arrived in Marseilles, France on Jan. 25.
A third tanker is expected to arrive at Marseilles from Houston soon.
Article written by HEI contributor Aliyah Cole.