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re: Shell selling Convent refinery
Posted on 7/7/20 at 10:55 am to SouthEndzoneTiger
Posted on 7/7/20 at 10:55 am to SouthEndzoneTiger
Not really. Motiva was a 50/50 joint venture between Shell and Saudia Aramco so what they basically did was buy out Motiva’s interest.
I’m still amazed that the Saudis didn’t go buy some other US assets over the last three years. They just have Port Arthur and some pipelines and terminals as of now
I’m still amazed that the Saudis didn’t go buy some other US assets over the last three years. They just have Port Arthur and some pipelines and terminals as of now
This post was edited on 7/7/20 at 10:56 am
Posted on 8/6/20 at 6:48 pm to notiger1997
quote:
I’m still amazed that the Saudis didn’t go buy some other US assets over the last three years. They just have Port Arthur and some pipelines and terminals as of now
Reason, they going broke. Really. To make their ends to meet, oil has to trade above $80 a barrel. They drop a shite load of money to their people. No taxes or the likes.
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