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Trafigura & Buckeye Receive First Deliveries of Crude Oil from New Permian Pipeline Construction

Gasoil News - Published on Fri, 16 Aug 2019

Image Source: PR Newswire
Trafigura Trading LLC and Buckeye Partners, LP announced that Trafigura has received its first delivery of Permian crude oil from Plains All American’s Cactus II pipeline at the Buckeye Texas Partners terminal in Corpus Christi, Texas. Trafigura and Buckeye have worked together to achieve early service commissioning and receipts, prior to full Cactus II operations, through connected infrastructure in the Eagle Ford basin. Further direct connections and interconnectivity, providing enhanced service capabilities, will be completed at Buckeye Texas Partners in Corpus Christi once the Cactus II pipeline is fully operational.

This initial receipt by Trafigura into Buckeye assets represents the first deliveries from over three million barrels per day of new pipeline capacity being built into the broader Corpus Christi market. Trafigura, which offers customers a full chain logistics solution, and Buckeye, which has established an unparalleled Corpus Christi infrastructure position, are together helping provide market solutions to rapidly growing domestic production.

Corey Prologo, Director of Trafigura Trading LLC, North America, said that “Trafigura has a significant long-term volume commitment to move crude oil from the Permian Basin via Cactus II. Today further builds our position as the leading exporter of US crude oil and refined products as we utilize our global customer base and marketing skills to place barrels with end customers across the world.”

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Posted By : Sanju Moirangthem on Fri, 16 Aug 2019
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