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With New Export Terminal, Enterprise Products Makes Key Move in U.S. Crude Oil Export Market


Industry Segment: Terminals | Word Count: 1044 Words

SUGAR LAND--August 1, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--In a long list of active projects with a combined estimated total investment value (TIV) of more than $15 billion, Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) this week made a positive final investment decision on one of its largest: a planned offshore crude oil export terminal along the Texas Gulf Coast. The decision to invest in the terminal, known as the Sea Port Oil Terminal (SPOT) comes after the company finalized contracts with Chevron Corporation (NYSE:CVX) (San Ramon, California) to use Enterprise's pipelines to move crude oil from the Permian Basin to Enterprise's ECHO terminal near Houston and to support the development of SPOT.

Within this article: Details of key Enterprise projects

Other companies featured: Altus Midstream Company (NASDAQ:ALTM)

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