Saudi Arabia: Aramco takes control of US refinery

Issue 1036 - 12 May 2017 | 1 minute read

Saudi Aramco has completed its takeover of the largest oil refinery in the United States, with the deal to buy Motiva Enterprises from Royal Dutch Shell finalised on 1 May. The deal has been done through Aramco’s wholly-owned subsidiary Saudi Refining Inc. Aramco previously held a 50% stake in the refinery at Port Arthur, Texas.

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