Americas News
Largest Crude Oil Logistics Facility in U.S. Looks to Add Export Services
LOOP LLC (LOOP) - operator of of the largest privately-owned crude oil storage and transportation logistics facility in the U.S. - Wednesday announced that it is seeking interest from prospective shippers to utilise its existing Louisiana Offshore Oil Port for crude oil exportation.
Until now, LOOP has used the facilities for imported oil activities, making the offering of crude oil vessel loading services for Very Large Crude Carriers (VLCCs) a first for exports at the port.
"Since 1981, LOOP has safely offloaded more than 10 billion barrels of crude oil," said Tom Shaw, LOOP President, adding: "today, customers are seeking the optionality to safely and efficiently load or offload, which is a natural request for a port. This service offers our customers the scalability to fully load a VLCC.
"We have consistently improved our processes and performance over the decades since our founding, and we are eager to expand our offerings to meet our customers' needs as the U.S. energy market evolves."
The proposed marine vessel loading services could be available by early 2018, says LOOP.
