Saudi refinery affiliate, Motiva buys crude oil over US sale… – MENAFN.COM

Forgot Username or Password


(MENAFN) In line with the US Division of Vitality (DOE) announcement on Thursday, the Motiva refinery in Port Arthur, Texas, which is an affiliate of Saudi oil firm Aramco, is one in every of six corporations to buy 18.1 million barrels of crude oil from the US’ Strategic Petroleum Reserves (SPR).

Motiva, the largest crude refinery within the US, refines greater than 600,000 barrels of crude oil per day (bpd).

The DOE said {that a} sum of 14 corporations replied to the sale declaration on Dec. 17 of 18 million barrels of SPR crude oil by way of submitting 111 provides for analysis.

Amongst the corporations who received bids have been ExxonMobil, Gunvor, Marathon Petroleum, Phillips 66, Valero in addition to Motiva Enterprises.

MENAFN15012022000045013568ID1103542915


MENAFN15012022000045013568ID1103542915
Authorized Disclaimer:
MENAFN supplies the data “as is” with out guarantee of any sort. We don’t settle for any duty or legal responsibility for the accuracy, content material, photographs, movies, licenses, completeness, legality, or reliability of the data contained on this article. When you’ve got any complaints or copyright points associated to this text, kindly contact the supplier above.

Tags
Feedback
Class
Date




logo
World and Center East enterprise and monetary information, Shares, Currencies, Market Knowledge, Analysis, Climate and different information.
Contact Us Click on right here
Tel: +962 6 5690450
Copyright © 2000 MENAFN. All rights reserved.
Design & Devleopment by MENAFN

supply