Enterprise Products Partners expects to receive an export license for its Sea Port Oil Terminal (SPOT) in the first quarter of 2024 versus by the end of 2023, as previously expected, a company executive said on Monday.

The SPOT project includes a deepwater port marine terminal in the Gulf of Mexico near Freeport, Texas, that will connect to onshore crude storage facilities and have capacity to load Very Large Crude Carriers and other vessels at rates of up to 85,000 barrels per hour.
Source: Reuters (Reporting by Arathy Somasekhar in Houston; Writing by Liz Hampton in Denver; Editing by Chris Reese)