Vivakor Expands Crude Oil Business Again, Targets $1.5 Billion Annual Platform
· Benzinga
AI Briefing
- • Vivakor expands crude oil business with two new long-term programs.
- • Annualized marketing platform now valued at approximately $1.5 billion.
- • Company aims to increase commercial activity with new programs.
Context
Vivakor has added two crude oil programs, expanding its annualized marketing platform. The company's recurring marketing platform has increased to approximately $1.5 billion in annualized commercial activity. Vivakor made the announcement on Wednesday.
The expansion of Vivakor's crude oil business matters as it increases the company's annualized marketing platform to $1.5 billion. This growth is a result of the two new long-term crude oil programs announced by the energy infrastructure company.
Advertisement