Occidental Petroleum to Test Texas Supertanker This Month

Occidental Petroleum (OXY) said today that it intends to test whether a supertanker named Anne can dock at its oil terminal along Texas' Corpus Christi Bay, the Wall Street Journal reports.

The Houston-based oil firm intends to test the compatibility later this month.

If it proves successful, Occidental intends to become the first U.S. oil company using vessels of that magnitude to export U.S. crude to markets as far as Asia.

"Permian crude is being exported all around the world, primarily to refineries in Asia and Europe, and Occidental's export facility is well positioned to serve the Permian," Occidental CEO Vicki Hollub said. "This continues to build on our position as the largest oil producer in the Permian, loading the largest ships with our crude and the crude of other producers in the region."

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