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Monday, March 21, 2016

Largest U.S. refinery now belongs to Saudi Arabia

Royal Dutch Shell and Saudi Aramco appear to be getting a divorce, breaking up their joint venture in U.S.-based refining assets.

The two companies joined together to create Motiva Enterprises LLC in 1998, a 50-50 joint venture that operated three refineries on the U.S. Gulf Coast. But Shell and Saudi Aramco have seen their interests head in different directions. "It is now time for the partners to pursue their independent downstream goals," said Abdulrahman Al-Wuhaib, a senior vice president of Saudi Aramco’s downstream unit.

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2 comments:

  1. AnonymousMarch 21, 2016 at 9:10 PM

    Treason.

    ReplyDelete
  2. AnonymousMarch 22, 2016 at 12:54 AM

    Thank you Congress for being such a bunch of girly-men. Only 40 years ago this would never have happened!

    ReplyDelete

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