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Saudi ownership of largest US refinery could insulate it from Trump’s sanctions

By John Siciliano
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Saudi ownership of largest US refinery could insulate it from Trump’s sanctions

Saudi Arabia’s ownership of the largest refinery in the U.S. could prove a competitive advantage in coping with Trump’s sanctions on oil from Venezuela, according to industry participants.

The Motiva refinery in Port Arthur, Texas, can refine more barrels of crude oil per day than some countries, but, like most of its rivals on the Gulf Coast, it is dependent on the heavier crude oil that comes from Venezuela.

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Oil Saudi Arabia Texas