OXY To Complete Corpus Christi VLCC Loading Facillity By End Of 2018

From Platts: OXY to complete Corpus Christi VLCC loading facility by end of 2018. Data points:

• VLCC terminal 
• current draft of 45 feet at the Corpus Christi Ship Channel
• VLCC: 1.4 million bbls
• Ingleside Energy Center facilty
• at a greater water depth of 66 feet or more: capacity of 2 million bbls
• the PCCA and the US Army Corps of Engineers will jointly invest $327 million to deepen the port  through an aggressive dredging program; will also expand the width of the channel entrance
• also, the agency is pursuing a new bridge at a cost of $800 million
• maximum fully loaded vessel that the channel can now handle is an Aframax (about 750,000 bbls)

Also, see this post from May 29, 2017.

Key points:

• VLCC
• 2 million bbls of crude oil (two days of North Dakota crude oil production)
• Panama Canal Expansion 

Remember this NY Times article?