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Saudi Aramco to Invest $18 Billion in Americas

Saudi Aramco is expected to invest $18 billion in growth efforts throughout the Americas and is exploring opportunities to increase refining capacity, branch into chemicals, and expand its commercial operations, marketing and branded presence over the next five years.

Motiva Enterprises, a wholly-owned affiliate of Saudi Aramco, recently completed an expansion of the Port Arthur Refinery’s largest hydrocracking unit and diesel hydrotreater, resulting in a 30% increase in capacity. An ongoing project with Northstar Terminals LLC to build a new marine terminal and related facilities at the Port of Port Arthur is expected to be complete in July 2017. 

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