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Trafigura signs crude oil deal for US exports

Trafigura is set to export significant volumes of crude oil from the US as it signs a long-term agreement with Plains All American Pipeline.

Marcus Hand, Editor

January 24, 2018

1 Min Read
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The trading house has committed to transport 300,000 barrels of crude per from the Permian Basin to Corpus Christi port via the Cactus II pipeline. The service is targeted to start in Q3 2019 with crude oil delivered Trafigura’s customers in the US and international refiners.

“This is one of the largest commitments of its kind to be signed in the US and solidifies Trafigura’s position as a leading US exporter of crude oil and refined products,” said Corey Prologo, head of oil trading and director for Trafigura North America.  “As demand for American crude continues to grow we’ll be able to bring our significant logistics infrastructure, global customer base and marketing skills to producers in the Permian Basin.”

It builds an existing deal with Plains All American Pipeline to transport 100,000 barrels of crude and condensate.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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