Reports: Saudi Aramco Eyes Texas Refinery Purchase
SUGAR LAND--September 16, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Arabian Oil Company (Saudi Aramco) (Dhahran, Saudi Arabia), the national oil company of Saudi Arabia, is part of a joint venture that is the frontrunner to acquire a large oil refinery on the Houston Ship Channel, according to The New York Times and other news sources. Aramco is a 50:50 partner in Motiva Enterprises (Houston, Texas) with Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands). But as Aramco and Shell begin to divvy up their assets following a recent agreement, Aramco is set to become the sole player in several key U.S. properties.
Within this article: Details on some of the highest-valued U.S. projects related to Saudi Aramco, including those at Motiva's refinery in Port Arthur, Texas, as well as projects at the LyondellBasell refinery.
Other companies featured: LyondellBasell Industries (NYSE:LYB), Siluria Technologies, Valero Energy Corporation (NYSE:VLO), Suncor Energy (NYSE:SU) and Cenovus Energy Incorporated (NYSE:CVE).
