Texaco Constructs Refinery Facility in Port Arthur
What happened
Texaco constructed a refinery facility in Port Arthur. This facility is located within the city of Port Arthur, Texas.
From investorplace.com
Why it matters
The new refinery increases local supply and competition in the refining market. Texaco is an oil subsidiary of Chevron Corporation.
From investorplace.com
Who's involved
- TexacoBuilt the refinery facility in Port Arthur
- Port ArthurCity where Texaco established the refinery facility
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Jefferson CountySpeculative
Jefferson County could see increased tax revenue and economic activity.
- EntergySpeculative
Entergy may experience significantly increased local industrial power demand on the grid.
- Energy TransferSpeculative
Energy Transfer might see increased volume of crude oil and refined product transport needs.
- Entergy TexasSpeculative
Entergy Texas could face increased demand for utility services and infrastructure support.
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The entities involved
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Texaco
oil subsidiary of Chevron Corporation
Nothing else this week.
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Port Arthur
city in Jefferson County, Texas, United States