Enterprise Products Partners' SPOT crude oil export project, offshore Texas, officially kicks off permitting phase, targets 2020 for exports
By Bevo Beaven, Editor, Oil & Gas 360

The United States Maritime Administration (MARAD) and the United States Coast Guard (USCG) announced on Monday that the agencies received an application from SPOT Terminal Services LLC (SPOT) for federal authorizations required for a license to own, construct, and operate a deepwater port for the export of oil as authorized by the Deepwater Port Act of 1974.

SPOT stands for Sea Port Oil Terminal. It is the proposed offshore crude oil export facility that was announced by Enterprise Products Partners (stock ticker: EPD, $EPD) last summer.

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