Saudis now fully own America's biggest oil refinery in Texas

[Hemaal]

Saudi Aramco has become a 100-percent owner of Port Arthur, an oil refinery in Texas. Port Arthur has a capacity of 600,000 barrels per day, making it the biggest in North America.
The kingdom’s national oil company previously owned 50 percent in the refinery before acquiring the full stake from Royal Dutch Shell on Monday. Complicated relations between the companies forced them to separate their assets. On Monday, Shell announced the divorce was complete.

Saudis also acquired 24 distribution terminals, Aramco said in a statement. The Saudi firm also got the exclusive right to sell Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland, Washington DC, the eastern half of Texas, and the majority of Florida.

https://www.rt.com/business/386803-us-saudi-arabia-refinery/

 

[Deactivated]

Aramco is going public and they need something in exchange before they list the IPO.

Sad thing is they don't have the balls to put Aramco logos on the 24 distribution Terminals.