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Port of Corpus Christi sets another tonnage record

An oil tanker leaves the Port of Corpus Christi. A record 48.3 million tons moved through the port in the third quarter of 2022, due in large part to crude oil exports to European markets. Photo courtesy of Port of Corpus Christi

The Port of Corpus Christi set a tonnage record for the third quarter of 2022 with 48.3 million tons moving through the port, bettering the previous quarter’s record of 46.4 million tons.

Helping to drive that growth were U.S. crude oil exports to western European countries moving away from Russian supplies because of the war in Ukraine. In June, the European Union adopted a set of sanctions against Russia, including a partial embargo on Russian oil.

The Port of Corpus Christi also showed gains in other energy-related exports, including refined petroleum products and liquified natural gas.

The port exports more than 60 percent of the nation’s crude oil, making it the leading U.S. energy port. In October, it exported a record 2.2 million barrels of crude oil per day. Crude oil shipments totaled 28.7 million tons in the third quarter, an increase of 5 percent over the previous quarter of 2022. Waterway tonnage through Q3 2022 totaled 138.3 tons.

chuck@thepicayune.com

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