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Trafigura and Phillips 66 announce Texas port joint venture

Commodities trader Trafigura and fuel logistics company Phillips 66 say they will build a deepwater port project in the western Gulf of Mexico. The Bluewater Texas Terminal will have up to two single-point mooring bays to load very large crude carriers

The 50:50 joint venture partners will make a final investment decision on the project later this year, subject to permit approval and customer commitments

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