Royal Dutch And Saudi Aramco to Expand Motiva Enterprises

Reuters reported that Royal Dutch Shell (NYSE:RDS.B) and Saudi Aramco plans to expand their joint-venture Motiva Enterprises Texas Gulf Coast refinery.

As quoted in the market news:

The Motiva project was launched in 2007, when U.S. fuel demand was up and refinery capacity was seen as inadequate. That changed when the global financial crisis hit, slashing demand and prompting closures of several unprofitable refineries, particularly in the U.S. Northeast.

Click here to read the full Reuters report.