July 22, 2015 [OPIS] - NuStar Energy said on Tuesday that the Port of Corpus Christi has approved a land lease for NuStar to develop another private marine loading dock at its North Beach Terminal in Corpus Christi, Texas.
NuStar’s CEO Brad Barron said that the new marine dock will provide more options to NuStar’s customers to move Eagle Ford crude oil.
OPIS notes that U.S. crude could be delivered from Texas along the coast to refineries in Louisiana and East Coast.
NuStar is developing plans for the new dock and hopes it will be completed in the second quarter of 2017. It will be designed to load Suezmax-class vessels (which carry approximately 1 million bbl) at rates up to 30,000 barrels per hour and the ability to expand to 50,000 barrels per hour.
Some of the features expected as a part of this project include a new pile-supported dock, a metering system, vapor control system, and a dock structure with three loading arms.
With the new dock, NuStar would have access to four loading docks in the Port of Corpus Christi, including two private docks, and would be able to load crude oil onto ships simultaneously on all four docks at a maximum rate of 90,000 barrels per hour.
NuStar, a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has 8,651 miles of pipeline and 80 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids.
The partnership’s combined system has approximately 93 million barrels of storage capacity, and NuStar has operations in the United States, Canada, Mexico, the Netherlands, including St. Eustatius in the Caribbean, and the United Kingdom.
