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Headwinds ahead for Carlyle's deepwater oil export project

The US Army Corps of Engineers' recommendation of a full environmental impact statement for the Carlyle Group's proposed $1 billion deepwater oil export project in Corpus Christi, Texas, could delay the plan until early 2022. Carlyle had hoped for a shorter environmental assessment of the project, which would involve dredging the ship channel to a depth of 75 feet from the current 47 feet.

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