Inspectioneering
News

Saudi Aramco Eyeing Houston Refinery to Bolster its Share of U.S. Oil Market

The New York Times, September 14, 2016

Saudi Aramco has reportedly submitted a bid for LyondellBasell's 263,776 bpd Houston refinery. The Saudi Arabian state-owned oil giant is currently competing against 3 other suitors: Texas-based Valero Energy, and Canada's Suncor Energy and Cenovus Energy. Energy experts estimate the price for the refinery could be as much as $1.5 billion. 

Aramco has a keen interest in maintaining its downstream market share in the U.S.,” said Sadad I. al-Husseini, a former Saudi Aramco executive vice president. “The Lyondell refinery, because of its size and location will go a long way towards sustaining this strategy after the breakup of Motiva and the loss of the Convent and Norco refineries.” Lyondell's Houston refinery is one of the largest refineries in the United States, and is designed to process heavy-sulfur crude into gasoline, jet fuel, ultra-low sulfur diesel, aromatics, and many other products
 

Click here to read the full article from The New York Times.


Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Interested in equipment reliability & integrity? Sign up for weekly updates.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.