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Saudi Aramco acquires US’ largest refinery

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/07/2017 (10:44)
According to media reports, Saudi Aramco acquired the full shares of the US’ largest oil refinery, Port Arthur, which has a production capacity of about 600,000 barrels per day of crude oil.

The acquisition came after Shell Oil Co., the US unit of Royal Dutch Shell Plc, and Saudi Aramco decided to split up their 20-year-old joint venture, Motiva Enterprises, in 2016.

It was then announced that Saudi Aramco would maintain Motiva’s name and the nation’s Port Arthur refinery and take over 24 distribution terminals as well as the right to use the Shell brand while selling gasoline and diesel in Texas, the Mississippi Valley and in the Southeast and Mid-Atlantic markets. In the meantime, Shell was decided to acquire two refineries in Louisiana, with a combined capacity of 472,700 barrel/day as well as the Shell-branded gasoline stations in Florida, Louisiana and Northeastern part of the US after the split-up is completed.
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