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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWait! What? Saudi Arabia now owns 100% of America's largest refinery (Port Arthur, TX)
https://money.cnn.com/2017/05/01/investing/saudi-arabia-buys-largest-oil-refinery-port-arthur/index.htmlSaudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year.
Port Arthur is considered the crown jewel of the US refinery system. The Gulf Coast facility can process 600,000 barrels of oil per day, making it the largest refinery in North America.
Aramco previously owned 50% of Port Arthur through a joint venture co-owned with Royal Dutch Shell (RDSA) called Motiva Enterprises.
...
In addition to Port Arthur, Aramco is acquiring full ownership of 24 distribution terminals. Aramco also gets the exclusive right to sell Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland, the eastern half of Texas and the majority of Florida.
Port Arthur is considered the crown jewel of the US refinery system. The Gulf Coast facility can process 600,000 barrels of oil per day, making it the largest refinery in North America.
Aramco previously owned 50% of Port Arthur through a joint venture co-owned with Royal Dutch Shell (RDSA) called Motiva Enterprises.
...
In addition to Port Arthur, Aramco is acquiring full ownership of 24 distribution terminals. Aramco also gets the exclusive right to sell Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland, the eastern half of Texas and the majority of Florida.
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Wait! What? Saudi Arabia now owns 100% of America's largest refinery (Port Arthur, TX) (Original Post)
Roland99
Sep 2019
OP
Remember when Junior gave the OK for the UAE to acquire 6 major US ports? nt
Guy Whitey Corngood
Sep 2019
#6
Bluepinky
(2,268 posts)1. That clinches it, my next car is a hybrid.
Another reason to minimize my support of fossil fuels.
Ilsa
(61,691 posts)3. Hell, with the advances
in car batteries, I'm going full-on electric on my next one.
And no Shell gas until then, either.
Snarkoleptic
(5,997 posts)2. How is this not tagged as part of our 'critical infrastructure'?
Natch, our voting systems are not either, so there's that.
GulfCoast66
(11,949 posts)7. It's not like they can pick it up and carry it off.
sinkingfeeling
(51,444 posts)4. Boycott Shell in those states. Wonder who approved this
sale.
spanone
(135,812 posts)5. K&R...
Guy Whitey Corngood
(26,500 posts)6. Remember when Junior gave the OK for the UAE to acquire 6 major US ports? nt
Kid Berwyn
(14,857 posts)8. SA owns big chunks of Wall Street...Big Media...War Inc...
We export cars. They export cash.
The Petrodollar Cycle.
Buckeyeblue
(5,499 posts)9. How is this allowed to happen?
Isn't there a national security concern? SA is really a deplorable country. I also find it not a little ironic that in the most vehemently Christian part of our country, a company owned by Muslims is making billions upon billions of dollars from those Christians. They paise Jesus but pay Mohammed.
UTUSN
(70,671 posts)10. TX sweet TX!1