Trafigura acquires Texas Dock & Rail facility in Corpus Christi to service growing needs of Eagle Ford
January 12, 2012
HOUSTON - Trafigura AG (“Trafigura”), through its subsidiary
Trafigura Terminals LLC
d/b/a Texas Dock & Rail, has acquired Texas Docks & Rail
Inc. (“TDR”) terminal assets
in Corpus Christi, Texas. In addition to the terminal purchase, an
alliance with Energy
Transfer Partners, L.P. (“Energy Transfer”) (NYSE: ETP) has been
formed to optimize logistics
opportunities for Eagle Ford producers and will provide them with
the ability to access one
of the deepest private water docks in the region.
“This project is in line with Trafigura’s plans to expand our
trading and transportation
business in North America,” Jeff Kopp, Director of Oil for North
America, said. “The
acquisition allows us to offer a first class terminal to Eagle Ford
producers who are searching
to find outlets for their production.”
The Texas Dock & Rail terminal is an 85-acre industrial site
in Corpus Christi, Texas consisting
of approximately 600,000 barrels of storage for crude oil, fuel,
and condensate. The
terminal has a deepwater dock which is 1,200 feet long with 45 foot
draft, extensive rail and
truck access and the space for significant future expansion – more
than 2 million oil barrels –
creating greater opportunities for Eagle Ford crude and condensate
producers.
“We have truck, rail loading and unloading facilities, a dock
capable of loading multiple
barges simultaneously, and we have plenty of space to expand,” Kopp
said. “We’re
coordinating with Energy Transfer Partners to provide pipeline
solutions to bring Eagle Ford
supplies to Corpus Christi where Trafigura will be instrumental in
providing market outlets
for these barrels.”
Energy Transfer Partners’ Senior Vice President, Brian Beebe
said, "We believe that this
strategic alliance between Energy Transfer and Trafigura will
provide Eagle Ford producers
with unparalleled pipeline, storage, and market solutions. The
combination of expertise and
assets will directly meet the needs of the Eagle Ford’s unique
product mix and offer superior
market access to our producers through the deep water dock in
Corpus Christi."
Energy Transfer owns and operates approximately 18,000 miles of
natural gas and natural
gas liquids pipelines in the United States, including an extensive
network of pipelines and
related services throughout the Eagle Ford shale region.
The alliance between Trafigura and Energy Transfer will offer
Eagle Ford producers a cost-
efficient option for transport and storage of crude oil and
condensate.
Click here for further
information about TDR.
END
For further information please contact:
Trafigura’s US Media Office: 832 320 2885 or media-americas@trafigura.com
Notes to editors
Trafigura
Trafigura AG is a wholly owned subsidiary of Trafigura Beheer BV
(“Trafigura”).
Trafigura is one of the world’s leading international commodity
traders, specializing in the
oil, minerals and metals markets, with 81 offices in 54 countries
in Europe, Africa, Asia,
Australia, and North, Central and South America. In the US,
Trafigura has offices in Houston,
Texas and Stamford, Connecticut.
Trafigura’s primary trading businesses are the supply and
transport of crude oil, petroleum
products, renewable energies, coal, refined metals, ferrous and
non-ferrous ores and
concentrates. It is the world’s second largest independent
non-ferrous trading company and
the third largest independent oil trader.
Founded in 1993, the company is owned by its founding
shareholders and senior
management. It has achieved substantial growth in recent years,
growing turnover from
USD18 billion in 2004 to USD122 billion in 2011.