Saudi Aramco to spend $18 billion on growth in the Americas: Motiva | Reuters

Saudi Aramco to spend $18 billion on growth in the Americas: Motiva | Reuters:

"Saudi Aramco plans to spend $18 billion over the next five years to expand its operations in the Americas, focusing on its U.S. oil refining subsidiary Motiva Enterprises, Motiva said on Thursday. Motiva is exploring opportunities to increase refining capacity, branch into chemicals and expand its commercial operations, marketing and branded presence over the next five years, the company said in a statement. Motiva became a wholly owned subsidiary of Saudi Aramco on May 1 with the split of a 19-year partnership between Aramco and Royal Dutch Shell Plc (RDSa.L)."



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