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Phillips 66 buys Beaumont bulk liquids storage terminal

Phillips 66 has agreed to buy a 7.1mn barrel (1.13mn cm) crude oil and refined products terminal in Beaumont, Texas, UK, from Chevron Group company Unocal. The terminal, which will be the largest in the company’s network, has deepwater access with two marine docks capable of handling Aframax tankers and connections to major crude oil and refined product pipelines. ‘Given our expectations for increasing volumes of North American crude oil movements into the Gulf Coast region and growth in refined product exports, the Beaumont terminal is well positioned to serve this growing market while providing significant expansion potential,’ said Phillips 66 President Tim Taylor. 

News Item details


Journal title: Petroleum Review

Countries: USA -

Subjects: Refining, Storage

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