January 23, 2018 / 4:59 PM / in a year

Trafigura signs deal to ship oil from Permian to Corpus Christi

NEW YORK (Reuters) - Commodities trading house Trafigura said on Tuesday it signed a new agreement with Plains All American Pipeline to transport 300,000 barrels of crude oil per day from the Permian basin to the port of Corpus Christi, in a move aimed at boosting exports.

Trafigura said it would transport the oil via the Cactus II Pipeline, which is targeted for service in the third-quarter of 2019.

Reporting by Devika Krishna Kumar in New YorkEditing by Chizu Nomiyama

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