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Port of Corpus Christi reaches agreement for new petroleum export terminal

The Port of Corpus Christi approved a 50-year lease agreement with Lone Star Ports, a joint venture between the Carlyle Group and the Berry Group, for about 200 acres on Harbor Island to develop a new petroleum export terminal. The facility will connect US crude producers with all major international markets. The facility on Harbor Island is planned to be the deepest-draft safe harbor crude export facility in the US.

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