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Trafigura to build large oil terminal in Texas

Swiss-based commodity trader Trafigura has filed for permission to build a terminal in Texas which can be used by the largest oil tanker vessels. The project will facilitate the growing export of US crude oil.

Trafigura CEO Jeremy Weir. | Photo: Trafigura

Commodity trader Trafigura plans to build a new, large oil terminal in Texas that will make it possible to tank VLCC vessels and thus benefit from a growing export of US crude.

The terminal will be located in Corpus Christi and will be subject to approval by US authorities before it can be built, report several news media, including Financial Times and Reuters.

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