November 14 - Texas, USA Port Corpus Christi and Oxy Ingleside Energy Center, have finalised the sale of the larger portion of the adjacent former US Ingleside Naval Station.

The purchase price of USD82.1 million includes 815 acres of land, a 1,100-ft double deck concrete pier, and over 2,000 ft of wharf frontage adjacent to a deep water turning basin.

In addition, the sale includes most of the industrial support facilities at the base, plus 435 acres of greenfield property next to it.

Strategically located on the western Gulf of Mexico, Port Corpus Christi is the fifth largest port in the USA in terms of total tonnage handled.