Enterprise contracts its first export of US crude oil

Enterprise Products Partners LP (NYSE: EPD) has agreed to provide pipeline and marine terminal services to load its first export of crude oil produced in the US under the law enacted earlier this month.

The 600,000-barrel cargo of domestic light crude oil is scheduled to load at the Enterprise Hydrocarbon Terminal on the Houston Ship Channel during the first week of January 2016.

“We are excited to announce our first contract to export US crude oil, which, to our knowledge, may be the first export cargo of US crude oil from the Gulf Coast in almost 40 years,” said A.J. “Jim” Teague, COO of Enterprise’s general partner.

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