Saudi Aramco and Shell to separate Motiva assets

Saudi Aramco and Shell to separate Motiva assets


Saudi Aramco and Shell have agreed the terms by which they will separate and transfer the assets, liabilities and businesses of the Motiva Enterprises LLC joint venture.

President and CEO of Saudi Aramco, Amin H. Nasser said: “Our longstanding investment in the United States is continuing to evolve and strengthen. We view this transaction as a positive outcome of the strong and historic business of Saudi Aramco in the US, and see next steps to support Motiva in its ongoing role as a major refiner and a top provider of refined products and derivatives in the US.”

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Under terms of the agreements, the assets retained by Saudi Aramco’s wholly owned Saudi Refining, Inc. (SRI) subsidiary include:

  • The Motiva Enterprises LLC name and legal entity, which will be used in continuing its operations as a Texas-based refiner, distributor and marketer of gasoline, diesel and other petroleum products.
  • The 600,000 barrel per day refinery at Port Arthur, Texas. This complex also includes a 40,000 barrel per day base oil manufacturing plant.
  • A network of 24 distribution terminals with a total storage capacity of 11.1 million barrels.
  • Motiva will have the right to exclusively sell Shell-branded gasoline and diesel in Georgia, North Carolina, South Carolina, Virginia, Maryland and Washington DC, as well as the majority of Florida and the eastern half of Texas.

Motiva President and CEO, Dan Romasko said: “In preparation for transaction close, we are working diligently on two fronts – delivering on our 2017 business plan and preparing the company for a successful transition to stand-alone operation.”

For more information visit www.saudiaramco.com and www.motivaenterprises.com

17th March 2017