Investing
Enterprise Products Partners to receive Sea Port Oil Terminal license in Q1 2024
© Reuters. FILE PHOTO: The headquarters of energy pipeline operator Enterprise Products Partners seen in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020. REUTERS/Gary McWilliams/File Photo
(Reuters) – Enterprise Products Partners (NYSE:) expects to receive an export license for its Sea Port Oil Terminal (SPOT) in the first quarter of 2024 versus by the end of 2023, as previously expected, a company executive said on Monday.
The SPOT project includes a deepwater port marine terminal in the Gulf of Mexico near Freeport, Texas, that will connect to onshore crude storage facilities and have capacity to load Very Large Crude Carriers and other vessels at rates of up to 85,000 barrels per hour.
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