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Saudi Arabia Now Controls the Largest Oil Refinery in North America The move is a huge boon to Aramco before a big IPO, experts say. By Robbie Gramer , a diplomacy and national security reporter ,The Port Arthur refinery in Texas is North America’s largest oil refinery, and as of this week Saudi Arabia controls all of it. With the stroke of a proverbial pen, Saudi’s state-owned oil giant Aramco took on 100 percent ownership of the port, cementing its access to the lucrative U.S. energy market at a critical time.

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The Port Arthur refinery in Texas is North America’s largest oil refinery, and as of this week Saudi Arabia controls all of it. With the stroke of a proverbial pen, Saudi’s state-owned oil ,Saudi Aramco, Saudi Arabia’s state-owned oil company, now has 100 percent control of the largest refinery in North America. The Port Arthur refinery in Texas, which can process 600,000 barrels

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News > Business Saudi Arabia now controls the largest oil refinery in North America. Wed., May 3, 2017. The sun sets over an oil refinery in Port Arthur, Texas, in this May 17, 2007, file photo. ,America's largest oil refinery is now fully owned by Saudi Arabia. Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday

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News > Business Saudi Arabia now controls the largest oil refinery in North America. Wed., May 3, 2017. The sun sets over an oil refinery in Port Arthur, Texas, in this May 17, 2007, file photo. ,With the sale of its interests this May, Royal Dutch Shell made Saudi Arabia the sole owner of the largest refinery of gasoline in North America. Saudi Arabia now controls the massive Port Arthur

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Now that it controls the largest American refinery, Aramco can send more Saudi crude into the US for refining to sell to North American drivers. Saudi Arabia is already America’s second-largest source of crude, behind only Canada. The US imported 1.3 million barrels of Saudi crude a day in February, up 32% from last year, according to the ,Now that it controls the largest American refinery, Aramco can send more Saudi crude into the US for refining to sell to North American drivers. Saudi Arabia is already America's second-largest source of crude, behind only Canada. The US imported 1.3 million barrels of Saudi crude a day in February, up 32% from last year, according to the

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Saudi Aramco has become a 100-percent owner of Port Arthur, an oil refinery in Texas. Port Arthur has a capacity of 600,000 barrels per day, making it the biggest in North America. The kingdom’s national oil company previously owned 50 percent in the refinery before acquiring the full stake from Royal Dutch Shell on Monday. ,America’s largest oil refinery is now fully owned by Saudi Arabia. Saudi Aramco, the kingdom’s state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year. Port Arthur is considered the crown jewel of the US refinery system.

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Saudi Arabia's state owned oil company has become the sole owner of America's largest oil refinery, CNN Money reported. Saudi Aramco took 100 per cent control of the sprawling Port Arthur refinery ,By Zainab Calcuttawala – May 02, 2017, 2:00 AM CDT. Saudi Aramco now controls 100 percent of the Port Arthur, Texas, oil refinery – the largest such facility in the United States – according

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NEW Barbara Boland: “Saudi Aramco, Saudi Arabia’s state-owned oil company, now has 100 percent control of the largest refinery in North America, the Port Arthur refinery in Texas.” ,America's largest oil refinery is now fully owned by Saudi Arabia. making it the largest refinery in North America. before the oil king soon after they took 100% control of our largest oil

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The Port Arthur refinery is North America’s largest oil refinery, and as of this week Saudi Arabia controls all of it. With the stroke of a proverbial pen, Saudi’s state-owned oil giant Aramco ,Saudi Aramco has become a 100-percent owner of Port Arthur, an oil refinery in Texas. Port Arthur has a capacity of 600,000 barrels per day, making it the biggest in North America. The kingdom’s national oil company previously owned 50 percent in the refinery before acquiring the full stake from Royal Dutch Shell on Monday.

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Now that it controls the largest American refinery, Aramco can send more Saudi crude into the US for refining to sell to North American drivers. Saudi Arabia is already America’s second-largest source of crude, behind only Canada. The US imported 1.3 million barrels of Saudi crude a day in February, up 32% from last year, according to the ,Saudi Arabia's state owned oil company has become the sole owner of America's largest oil refinery, CNN Money reported. Saudi Aramco took 100 per cent control of the sprawling Port Arthur refinery

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Saudi Aramco, the Saudi Arabia's state-owned oil behemoth, took 100 per cent control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year. ,Saudi Aramco, the kingdom's state-owned oil behemoth, took 100% control of the sprawling Port Arthur refinery in Texas on Monday, completing a deal that was first announced last year. Port Arthur is considered the crown jewel of the US refinery system.

Get Price