Aramco Eyes Houston Refining Hub As Motiva Break-Up Advances

Saudi state giant is eying almost 900,000 b/d of CDU capacity in the US oil capital.

Saudi Aramco has been identified as the leading contender to buy a refinery in Houston from locally-based (though Rotterdam-registered) refining and petrochemicals firm LyondellBasell. Lyondell is expected to announce the sale of its 268,000 b/d Houston refinery shortly, according to a Reuters report citing several sources. Aramco is reportedly leading the race to buy the refinery, with San Antonio, Texas-based Valero among companies in the running.

This comes as Aramco is in the process of taking over the 600,000 b/d Port Arthur refinery near Houston, currently operated by Motiva, its 50:50 US refining joint venture with Shell. Motiva is in the process of being disbanded, this week confirming that it aims to complete the separation by 1 April 2017.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE