Who owns the Port Arthur refinery?
Aramco took full ownership of Motiva and its Port Arthur refinery in 2017 from its joint-venture partner Royal Dutch Shell PLC. The $6.6 billion expansion would build two new petrochemical plants in addition to its existing 630,000-barrels-a-day Port Arthur refinery.
Who bought Motiva?
Aramco
State-run Aramco took full ownership of Motiva and its Port Arthur refinery in 2017 from joint-venture partner Royal Dutch Shell PLC. Shell took some of the U.S. company’s other assets as part of the deal.
Is Motiva a private company?
Motiva Enterprises, LLC, is an American company that operates as a fully-owned affiliate of Saudi Aramco….Motiva Enterprises.
| Type | LLC |
|---|---|
| Services | Oil refining, gas stations |
| Number of employees | 2,500 |
| Parent | Shell Oil Company (1997–2017) Saudi Aramco (1997–pres.) |
| Website | motiva.com |
Does Saudi Arabia own refineries in the US?
Saudi Aramco, Saudi Arabia’s state-owned oil company, now has 100 percent control of the largest refinery in North America. The Port Arthur refinery in Texas, which can process 600,000 barrels of oil per day, is completely owned by Aramco.
Is Motiva Enterprises publicly traded?
Motiva Enterprises, LLC, is an American company that operates as a fully-owned affiliate of Saudi Aramco. Headquartered in Houston, Texas, it had a revenue of $500 Million ….Motiva Enterprises.
| Type | LLC |
|---|---|
| Industry | Petroleum |
| Predecessor | Star Enterprises (1988–97) |
| Founded | 1997 |
Who owns the oil refineries in the US?
Largest petroleum refineries in the United States
| Rank | Refinery | Owner |
|---|---|---|
| 1 | Port Arthur Refinery | Motiva Enterprises |
| 2 | Galveston Bay Refinery | Marathon Petroleum |
| 3 | Baytown Refinery | Exxon Mobil |
| 4 | Garyville Refinery | Marathon Petroleum |
Is Motiva a public company?
How big is Motiva?
Since then, it has evolved drastically in scope and services, growing into North America’s largest refinery with a crude capacity of more than 630,000 barrels a day. The refinery, a vital component our Port Arthur Manufacturing Complex, sits on approximately 1,400 acres and employs more than 1,500 employees.
Is Motiva Shell?
Royal Dutch Shell plc (“Shell”) announces today the completion of the transaction for the separation of assets, liabilities and businesses of Motiva Enterprises LLC (“Motiva”).
Who owns refinery in Texas?
Mexico’s president announced Monday that Royal Dutch Shell has agreed to sell its controlling interest in the Deer Park refinery in Houston, Texas to its partner Mexican state oil company Pemex for $596 million. According to Andres Manuel Lopez Obrador, the deal makes Pemex the sole owner of the refinery.
Is Motiva’s $6 billion Port Arthur project suspended?
Saudi-owned Motiva Enterprises LLC suspended a $6.6 billion plan to add petrochemical facilities to its refining operations in Port Arthur, Texas, according to people familiar with the matter.
Does Motiva have new petrochemical units?
Motiva does not comment on market rumors or speculation, the company said Aug. 4. Motiva was considering construction of three new petrochemical units, which would have expanded the scope of what is already the largest refinery in North America, with a capacity to process 630,000 barrels of crude per day.
Is motmotiva owned by Aramco?
Motiva and its Port Arthur refinery have been owned by Aramco since 2017. Your browser does not support the audio tag. Loading advertisement… This article is in your queue.
What is the history of the Port Arthur Refinery?
In 1902, the Port Arthur refinery opened its doors in Jefferson County. Since then, it has evolved drastically in scope and services, growing into North America’s largest refinery with a crude capacity of more than 630,000 barrels a day.