Motiva Enterprises
Motiva Enterprises, LLC, is a 50–50 joint venture between Shell Oil Company (the wholly owned American subsidiary of Royal Dutch Shell) and Saudi Refining (controlled by Saudi Aramco). The company is currently headquartered in Houston, Texas.
Motiva Enterprises posted revenue of $24 billion during fiscal 2004.
In 1988 Texaco and Saudi Refining agreed to form a joint venture known as Star Enterprise in which Saudi Refining would own a 50 percent share of Texaco's refining and marketing operations in the eastern United States and Gulf Coast.[1] In 1997 Shell embarked on two joint ventures with Texaco where the companies merged their marketing and refining operations. The operations in the western and midwestern United States were merged into a company called Equilon. The Star Enterprise operation and Shell's eastern and southeastern operations were merged into a company called Motiva.[2] After Texaco merged with Chevron in 2001, Shell and Saudi Refining purchased Texaco's interests in the joint ventures. Equilon became a fully owned subsidiary of Shell, while Saudi Aramco and Shell each became equal owners of Motiva.[3]
Operations
Motiva Enterprises owns and operates three oil refineries in the gulf coast region of the United States: a 275,000 bpd refinery in Port Arthur, Texas, a 225,000 bpd refinery in Convent, Louisiana, and a 240,000 bpd refinery in Norco, Louisiana. Currently, Motiva is expanding its Port Arthur refinery to a capacity of 600,000 bpd via a Jacobs Engineering/Bechtel Joint Venture.
Motiva's products include diesel, petrol, liquefied petroleum gas (LPG), aviation fuel, and lubricants which it supplies to American states in the South, Mid-Atlantic, and the Northeast. Marketing outlets include 7600 Shell-branded service stations. Storage and Distribution terminals number 42.
References
- ↑ "Saudi-Texaco Joint Venture". The New York Times. 3 January 1989. http://www.nytimes.com/1989/01/03/business/saudi-texaco-joint-venture.html. Retrieved 19 April 2011.
- ↑ "Aspects of the Refining/Marketing Joint Ventures of Shell Oil, Star Enterprises, and Texaco". Eia.doe.gov. http://www.eia.doe.gov/emeu/finance/mergers/stindex.html. Retrieved 19 April 2011.
- ↑ Houston Business Journal. "Shell to brand new U.S. gas stations". Bizjournals.com. http://www.bizjournals.com/houston/stories/2002/02/04/daily41.html. Retrieved 19 April 2011.
External links
- Motiva Enterprises LLC Home Page
- Shell Americas – about Motiva
- Oil & Gas Journal: Motiva Announces Progress on Refinery Expansion Project
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