TechCrunch: The $7 billion Chevron tanker, scheduled to go on trial next month, will allow Chevron to ship a significant amount of oil from the company’s existing facilities in the Gulf of Mexico to refineries on the West Coast.
The tanker is the largest oil tanker in the world, with a capacity of 8,000 metric tons.
Chevron currently owns an oil platform in the Louisiana Basin.
The company has recently announced plans to start shipping crude oil from that platform to refiners.
This new tanker is expected to bring up to a million containers per day and the capacity of the tanker is likely to exceed 2 million tons per day, Chevron said in a blog post.
It will also be able to carry oil up to 200,000 barrels per day.
The tanker is owned by the US Government and has a gross tonnage of 1.1 million metric tons, or about 1.2 million barrels.
Chevron is one of the world’s largest refiners, with operations in more than 200 countries.
In March, Chevron announced plans for a $3.6bn refinery expansion in the United States, with the intention of opening another 1,000-ton capacity in 2020.
“This project is a milestone for the refinery expansion, as we look to become one of only two refineries in the U.S. to have the capacity to service this many refineries simultaneously,” Chevron wrote.
As part of the $7bn refinery project, Chevron is working on the first phase of a $2.7bn pipeline to move up to 6 million barrels per hour of oil to its refineries across Texas, Louisiana, and Alabama.
Another $2bn pipeline is under construction that will deliver oil to the United Kingdom, where it will be used to replace imported oil.
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