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UPDA subsidiary expands delivery rate

US Petroleum Depot Inc, a subsidiary of Universal Property Development and Acquisition Corp (UPDA), has accelerated the rate of delivery of light crude condensate at its storage facility in the Port of Brownsville TX and has increased its inventory to nearly 8,000 barrels.

The subsidiary expects to continue receiving 10 to 20 shipments of 200-bbl trucks per day as it prepares to commence deliveries to its customers on 20,000-bbl barges.

“The plan is to build toward delivering at least one barge per week as we reach full capacity,” said US Petroleum Depot's Tim Brink.

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