UPDATE 2 - Trump Signs Orders Allowing Export Of Texas Oil To Mexico Though New Infrastructure
08.03.2020 By Ricardo Perez - NEWS

August 03, 2020 [Urdu Point] – US President Donald Trump has signed orders green-lighting the added export of Texas crude oil to Mexico through new infrastructure.

 
“In a few moments, I will sign four critical permits granting approval to vital pipeline and railway infrastructure on our nation’s border,” Trump said before signing the documents on Wednesday. “This will include two permits allowing the export of Texas crude [oil] to Mexico.”

The White House said the two pipelines belong to Nustar Logistics, L.P.

One of the permits said it allows NuStar Energy to construct, connect, operate, and maintain pipeline at the US-Mexico border for the purposes of transporting crude oil, liquified natural gas and other energy products.

A second presidential decree renews the NuStar’s permit to maintain and operate existing pipeline infrastructure in Hidalgo County, Texas.

Trump also signed presidential permits to allow the Kansas City Southern Railway Company to build a railway bridge on the US-Mexico border in the Texas border town of Laredo and to allow the TransCanada Keystone pipeline to transport oil between the United States and Canada.

US-Mexico oil swaps began in 2015 after the Commerce Department granted approval for such exchanges. US exports of crude oil and petroleum products to Mexico grew by more than 68 percent between 2015 and 2019.

————-

Click Here to Access Today a 5,550 Tank Terminal Database With a Pro Trial
5,550 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More