Largest U.S. refinery will go to state-owned Saudi oil company; will you blame Obama?

[Legion Troll]

Royal Dutch Shell and Saudi Aramco joined together to create Motiva Enterprises LLC in 1998, a 50-50 joint venture that operated three refineries on the U.S. Gulf Coast.

Shell and Saudi Aramco have lately seen their interests head in different directions. "It is now time for the partners to pursue their independent downstream goals," said Abdulrahman Al-Wuhaib, a senior vice president of Saudi Aramco’s downstream unit.

The two companies have signed a nonbinding letter of intent that would divide up Motiva’s refineries between them.

The split will hand the largest U.S. refinery to the state-owned Saudi oil company.

Motiva announced a $10 billion expansion of the Port Arthur refinery, doubling its capacity to 603,000 barrels per day, making it America’s largest refinery. It produces gasoline, diesel and jet fuel.

Motiva refineries have a combined capacity of 1.1 million barrels per day and are all located close to each other. Saudi Aramco will take over the Port Arthur refinery and 26 distribution terminals, and hold onto the Motiva brand name.

Shell will take over the other two refineries, Convent and Norco, both located in Louisiana. Shell said that it would operate the two refineries as one plant with a combined throughput of 500,000 barrels per day.


http://www.usatoday.com/story/money/markets/2016/03/19/largest-us-refinery-now-belongs-saudi-arabia/81974062/

 

[Konono]

I thought only Bush was in bed with the Saudis.

 

[Callinectes]

Did he have anything to do with the sale?

 

[Legion Troll]

Did he have anything to do with the sale?

Does that matter to you?

 

[Callinectes]

Does that matter to you?

Look, I blame him if I stub my toe but most of it is all in fun. We're talking about two foreign companies that just happen to hold American oil leases. I don't know the nuts and bolts of it, but I'm thinking it's a non-issue.

 

[PostmodernProphet]

so a company which has never been a US company is still not going to be a US company and this is news because?.........

 

[Legion Troll]

Look, I blame him if I stub my toe but most of it is all in fun.

So you say.

 

[Konono]

It is amusing how Legion Troll will quote my posts talking about my username, but he (lately) does not respond to any other posts.

Perhaps he is intimidated by me.

 

[Konono]

so a company which has never been a US company is still not going to be a US company and this is news because?.........

I don't feel comfortable giving the Saudi Arabia any more control over our oil economy. Someone mentioned to me that if Bush had allowed this, he would have been blasted for his close ties to Saudi Arabia etc.

I'm just surprised it has only been Legion Troll to make it more known.

 

[Callinectes]

So you say.

Fucking Obama. Titanic was my favorite badly designed luxury liner.

 

[Legion Troll]

Fucking Obama. Titanic was my favorite badly designed luxury liner.

It's his fault. Thanks, Obama!

 

[Konono]

I wonder if Obama is responsible for Legion Troll.

 

[Konono]

Does that matter to you?

Can you answer a question?

 

[Leonthecat]

The Titanic was a slimy limey ship wasn't it?
Yeah, must have been Obama's fault it sank, he has been seen colluding with Cameron.

 

[Legion Troll]

I'm sure I saw a picture of Obama bowing to the Saudi king, and everybody knows he's a secret Muslim, so letting his fellow Muslims get their hands on the biggest refinery in America is part of his evil plan.

Thanks, Obama!