Saudi Aramco Chief Executive Khalid Al-Falih said the total cost of expanding the Motiva Enterprises Port Arthur, Texas, refinery to 600,000 barrels per day (bpd) was "in the range of" $10 billion, double its original cost.
It is the largest investment Saudi Aramco, which is a 50-50 partner with Royal Dutch Shell Plc in Motiva, has made outside the kingdom of Saudi Arabia, Al-Falih said to reporters.
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