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Liberal YouTubers

alwaysinasnit

(5,431 posts)

1. The Saudi's already own Port Arthur refinery.

Reply to Yo_Mama_Been_Loggin (Original post)

Wed May 21, 2025, 12:18 AM

May 21

https://money.cnn.com/2017/05/01/investing/saudi-arabia-buys-largest-oil-refinery-port-arthur/index.html

Saudi 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.

But the two oil giants had a rocky relationship and reached a deal in March 2016 to separate their assets. Shell put out a statement on Monday confirming the "completion" of that break-up. cnn.com/2017/05/01/investing/saudi-arabia-buys-largest-oil-refinery-port-arthur/index.html

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TRUMP IS SELLING OUR ENERGY SECURITY TO THE MIDDLE EAST...PLEASE SHARE! [View all] Yo_Mama_Been_Loggin May 20 OP

The Saudi's already own Port Arthur refinery. alwaysinasnit May 21 #1