Motiva Enterprises
From Wikipedia, the free encyclopedia
Motiva Enterprises, LLC, is a 50-50 joint venture between Shell Oil Company (the American wholly owned subsidiary of Royal Dutch Shell) and Saudi Refining (a wholly owned subsidiary of Aramco Services Company, which itself is a wholly owned subsidiary of Saudi Aramco). The company is currently headquartered in Houston, Texas.
Motiva Enterprises posted revenue of $24 billion during fiscal 2004.
In 1988 Texaco and Saudi Refining agreed to form a joint venture known as Star Enterprise in which Saudi Refining would own a 50 percent share of Texaco's refining and marketing operations in the eastern United States and Gulf Coast.[1] In 1997 Shell embarked on two joint ventures with Texaco where the companies merged their marketing and refining operations. The operations in the western and midwestern United States were merged into a company called Equilon. The Star Enterprise operation and Shell's eastern and southeastern operations were merged into a company called Motiva.[2] After Texaco merged with Chevron in 2001, Shell and Saudi Refining purchased Texaco's interests in the joint ventures. Equilon became a fully owned subsidiary of Shell, while Saudi Aramco and Shell each became equal owners of Motiva.[3]
[edit] Operations
Motiva Enterprises owns and operates three oil refineries in the gulf coast region of the United States: a 275,000 bpd refinery in Port Arthur, Texas, a 225,000 bpd refinery in Convent, Louisiana, and a 240,000 bpd refinery in Norco, Louisiana. Currently, Motiva is expanding its Port Arthur refinery to a capacity of 600,000 bpd via a Jacobs Engineering/Bechtel Joint venture.
Motiva's products include diesel, petrol, LPG (liquid petroleum gas), aviation fuel, and lubricants which it supplies to American states in the South, Mid-atlantic, and the Northeast. Marketing outlets include 7600 Shell-branded service stations. Storage and Distribution terminals number 42.
[edit] References
- ^ http://www.nytimes.com/1989/01/03/business/saudi-texaco-joint-venture.html, Retrieved on 2009-06-10.
- ^ http://www.eia.doe.gov/emeu/finance/mergers/stindex.html, Retrieved on 2009-06-10.
- ^ http://www.bizjournals.com/houston/stories/2002/02/04/daily41.html, Retrieved on 2009-06-10.
