The “Theo T” tanker left Corpus Christi Thursday afternoon with the first known crude oil cargo sold internationally since Congress lifted the 40-year-old ban on crude exports earlier this month.
San Antonio-based NuStar Energy loaded the oil cargo on New Year’s Eve at its dock at the Port of Christi. While NuStar handled the loading, Houston-based ConocoPhillips sold the crude oil from the Eagle Ford Shale in South Texas to Switzerland-based Vitol, an international trading company that will market the oil globally.
The Bahamas-flagged Theo T tanker set sail shortly after 3 p.m. Thursday, according to NuStar. The vessel arrived Tuesday in Corpus Christi and is operated by Greece-based Ionia Management. The companies are not yet revealing the tanker’s destination.
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