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Occidental Petroleum Corporation Message Board

  • iitriumvirate iitriumvirate Jul 26, 2013 4:08 PM Flag

    OXY Propane Export Facility in the Making

    Occidental Petroleum Corp. plans to construct a propane export facility in Ingleside, the company said Thursday.

    The facility would be at the Oxy Ingleside Energy Center, a former Navy base near Corpus Christi that Occidental purchased last year.

    The Los Angeles-based oil and natural gas producer said it also could export other fuels from the facility, including natural gasoline, condensate and butanes.

    The propane export facility would begin operation in January 2015, provided Occidental secures the necessary contracts.

    The United States has been exporting growing volumes of propane and other fuels as the nation’s oil and natural gas production has surged in recent years.

    In 2012, the country exported about 171,000 barrels per day of propane and the petrochemical that it produces, propylene. That’s more than double the volume exported in 2009, when about 85,000 barrels of propane and propylene were exported each day.

 
OXY
82.24-0.66(-0.80%)Dec 24 2:48 PMEST

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