Louisiana Terminal Tests Crude Exports, Set to Boost U.S. Capacity

  • linkdin

NEW YORK, February 13, 2018 (Reuters) – The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, said on Tuesday it had moored a supertanker and initiated a detailed test procedure, bringing it closer to being able to export crude oil.

LOOP said last year its U.S. Gulf Coast facility would have the capacity to load Very Large Crude Carriers (VLCCs), the largest oil tankers, which can ship some 2 million barrels of oil by early 2018. See the full article here.

Leave a comment

Your email address will not be published. Required fields are marked *