Enbridge Inc. plans to expand the capacity of its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, with the possibility of adding another 40,000 bpd in 2025.

The announcement comes after Enbridge revised its initial expansion target for the Texas pipeline downward in February, from 200,000 bpd to a range of 100,000 bpd to 200,000 bpd.

The Gray Oak pipeline runs from the Permian Basin in West Texas to Corpus Christi, Texas, on the Gulf Coast, with Enbridge's Ingleside Energy Center located there being the largest crude oil storage and export terminal by volume in the United States.

However, Enbridge officials downplayed concerns about competition at the Corpus Christi hub, where Enterprise Products Partners is pursuing permits for its Sea Port Oil Terminal (SPOT) export project.

"It's certainly a competitor for Corpus Christi," said Colin Gruending, an executive vice president at Enbridge. 

"But given the advantages of our terminal there, we are confident Ingleside can compete well against SPOT."