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Trafigura forms venture with Phillips 66 for deepwater Texas oil port

Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 (PSX.N) to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.

This article was originally published by Reuters on the 28 February 2020.

Read the full article: https://www.reuters.com/article/us-united-states-oil-trafigura/trafigura-forms-venture-with-phillips-66-for-deepwater-texas-oil-port-idUSKCN20M28H

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