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Tag: crude oil investments

Energy, Industry Focus Areas

Saudi-Owned Motiva Suspends $6.6 Billion Petrochemical Expansion

July 19, 2021

Via: The Wall Street Journal

Saudi-owned Motiva Enterprises LLC suspended a $6.6 billion plan to add petrochemical facilities to its refining operations in Port Arthur, Texas, according to people familiar with the matter. The decision to halt the project—which had envisioned the creation of the […]