News Post
Saudi Arabia leaves US shale-processing plants to Shell in Motiva split
NEW YORK (Reuters) -- Royal Dutch Shell plans to maintain control of two refineries that can run more domestic crude, leaving a plant that runs massive volumes of Saudi Arabian oil to Saudi Aramco as the companies end their Motiva Enterprises joint venture.
Refineries in Port Arthur, Texas, and Convent, Louisiana, processed large volumes of crude prior to 2011, but had been growing apart for several years before the companies announced plans to split ownership of the assets on Wednesday.
As shale crude became more widely available, Convent's intake of Saudi oil has ebbed, dropping to just 256,000 bbl in June, before rebounding to 2.6 million bbl in December, the latest month for which data is available.
Port Arthur became a workhorse for Saudi crude processing after a major
expansion, bringing in as much as 11 million bbl from the Kingdom in a single month. The
refinery ran 8.7 million bbl of Saudi crude in December, the latest month for which data is available.
For subscriptions or a demo:
Sam Hassaniyeh
Subscription Executive
Phone: +44 203 4092242
For questions or to give feedback:
Thad Pittman
Senior Researcher
Phone: +1 (713) 525-4605
Download our brochure today!
Project News