Royal Dutch Shell and Saudi Aramco unwind US joint venture - FT.com

Royal Dutch Shell and Saudi Aramco unwind US joint venture - FT.com:

"Royal Dutch Shell and Saudi Aramco are unwinding their US refining and marketing joint venture as they pursue separate strategies for their operations. The deal will give the state-owned Saudi group full ownership of the largest refinery in North America.
The Motiva joint venture, which is owned 50/50 by the two companies and operates three refineries and a distribution and marketing business in the US, will be broken up and the assets distributed between them."



'via Blog this'