NOLA Oil Terminal LLC announced last week that it had begun construction on Phase 1 of its oil and refined products terminal, located on 158 acres in Plaquemines Parish.
NOLA Oil Terminal will be the first of its kind in the region and will allow Mississippi River access for New Panamax and Suezmax vessels.
In total, the terminal will cost $930 million to construct. The initial water-side phase of the project includes two deep water berths and one barge dock. The berths will be capable of mooring 170,000-ton vessels, and the barge dock will serve both inland and oceangoing tank barges. Land-side construction constitutes the second phase of the project. Read the entire press release.