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

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(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.


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