CORPUS CHRISTI (KIII NEWS) - The Port of Corpus Christi is one of the busiest ports in the U.S., and thanks to some new deals in place, even more, new businesses are about to set up shop there.
61-percent of U.S. oil exports travel through the Port of Corpus Christi right now, and Port officials believe that number is going to increase.
Port Executive Director John LaRue said the Port has become a major player in the oil export business in the two short years that the U.S. began to sell oil again overseas.
Many companies around the world are taking notice of what's going on at the Port. A Netherland's based company called Vitol plans on working with a pipeline company to open up a new terminal here in the inner harbor.
More of these deals may be in the works because more pipelines are being planned to run from West Texas to Corpus Christi.
"We see a lot of new pipelines being developed," LaRue said. "There are probably six pipelines that are under consideration from the Permian right now."
That means more jobs coming to our area as well.
"There's more tugboats, there's more line handlers, there's more people working at the terminals that are moving this product," LaRue said.
Howard Energy out of San Antonio is working with the Port to start up yet another new business there.
"They are working with us at our dry bulk terminal to build a facility that will move gasoline and diesel fuel to Mexico by rail," LaRue said. "Mexico has a chronic shortage of both gasoline and diesel. They are very dependant on the U.S. This will be a new line. A new business for us."
It may take a couple of years before these projects are online. LaRue said the Port is working with private landowners to free up even more space for more industry. He believes the Port will continue to see positive growth for at least the next 10-15 years.
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