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Energy and Environment

Saudis complete takeover of largest US refinery

By John Siciliano
Published
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Saudis complete takeover of largest US refinery

The Saudi national oil company Aramco took full ownership Monday of the largest U.S. oil refinery in the country at Port Arthur, Texas.

Aramco and Shell founded the 50-50 joint venture called Motiva over two decades ago to build and operate the giant refinery, and had been in intense talks about dissolving the venture since last year.

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John Siciliano Oil Saudi Arabia Shell