Carlyle Group said on Friday it had dropped out as a stakeholder in Lone Star Po...
) said on Friday it had dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas.
Carlyle said in a statement Berry Group was “now the sole owner of Lone Star,” but did not comment on why it dropped out of the project, which it said continues to be actively developed. “Interest in Harbor Island remains at an all-time high,” Strawbridge said. The port will continue dredging in the area to make it more attractive to export crude, he said.The U.S. shale boom has prompted a surge in oil exports, which last week hit 3.25 million barrels per day and continued to fuel a race to build new export terminals.
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