Bringing Vision 2030 to the United States

bringing-vision-2030-to-the-united-states
During his visit to the Motiva headquarters, HE Khalid A. Al-Falih, joined employees for a town hall discussion.

On the sidelines of HRH Deputy Crown Prince Mohammad ibn Salman ibn ‘Abd al- ‘Aziz Al Saud’s recent visit to the United States to convey Saudi Vision 2030 and invite collaboration in its execution, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, and Chairman of the Saudi Aramco Board of Directors, took part in disseminating the message, also taking time to share Saudi Aramco’s strategy to help implement Vision 2030 in Houston and Boston through a series of town halls and meetings with business, financial and academic leaders.

Motiva at a pivotal time

Al-Falih kicked off his first town hall at Motiva’s downtown Houston headquarters.

“Although Motiva is out of physical sight from where I serve in Saudi Arabia, it is always present in my mind as a valued organization with great people and a best-in-class asset,” said Al-Falih.

Saudi Refining Inc. (SRI), a subsidiary of Aramco Services Company (ASC), and Shell are dissolving the 50-50 Motiva joint venture (JV) that has been in place in its current form since 2002, and dividing the assets. From 1998 to 2002, SRI played a key role in the future of Motiva, with a three-way partnership among Saudi Aramco, Shell and Texaco. Prior to 1998, SRI partnered with Texaco in a JV called Star Enterprise, starting in 1989, which gives Aramco a combined 27 years of service in the U.S. downstream sector.

When the deal closes, SRI will have sole ownership of the 600,000 barrels per day produced at Port Arthur Refinery — the largest in the U.S. — as well as 26 distribution terminals along the U.S. Gulf Coast, and an exclusive license to use the Shell brand for gas and diesel sales in several U.S. market regions. SRI will also maintain the Motiva name.

Al-Falih said the Motiva restructuring will become a platform for growth and mark a new beginning as Aramco grows its global refining footprint, almost doubling its refining capacity from over five million barrels per day (MMbpd) currently to 8-10 MMbpd over the coming decade. This growth is currently being pursued with transactions in many parts of rapidly developing Asia. 

On the sidelines of HRH Deputy Crown Prince Mohammad ibn Salman ibn ‘Abd al- ‘Aziz Al Saud’s recent visit to the United States to convey Saudi Vision 2030 and invite collaboration in its execution, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, and Chairman of the Saudi Aramco Board of Directors, took part in disseminating the message, also taking time to share Saudi Aramco’s strategy to help implement Vision 2030 in Houston and Boston through a series of town halls and meetings with business, financial and academic leaders.

Motiva at a pivotal time

Al-Falih kicked off his first town hall at Motiva’s downtown Houston headquarters.

“Although Motiva is out of physical sight from where I serve in Saudi Arabia, it is always present in my mind as a valued organization with great people and a best-in-class asset,” said Al-Falih.

Saudi Refining Inc. (SRI), a subsidiary of Aramco Services Company (ASC), and Shell are dissolving the 50-50 Motiva joint venture (JV) that has been in place in its current form since 2002, and dividing the assets. From 1998 to 2002, SRI played a key role in the future of Motiva, with a three-way partnership among Saudi Aramco, Shell and Texaco. Prior to 1998, SRI partnered with Texaco in a JV called Star Enterprise, starting in 1989, which gives Aramco a combined 27 years of service in the U.S. downstream sector.

When the deal closes, SRI will have sole ownership of the 600,000 barrels per day produced at Port Arthur Refinery — the largest in the U.S. — as well as 26 distribution terminals along the U.S. Gulf Coast, and an exclusive license to use the Shell brand for gas and diesel sales in several U.S. market regions. SRI will also maintain the Motiva name.

Al-Falih said the Motiva restructuring will become a platform for growth and mark a new beginning as Aramco grows its global refining footprint, almost doubling its refining capacity from over five million barrels per day (MMbpd) currently to 8-10 MMbpd over the coming decade. This growth is currently being pursued with transactions in many parts of rapidly developing Asia. 

On the sidelines of HRH Deputy Crown Prince Mohammad ibn Salman ibn ‘Abd al- ‘Aziz Al Saud’s recent visit to the United States to convey Saudi Vision 2030 and invite collaboration in its execution, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, and Chairman of the Saudi Aramco Board of Directors, took part in disseminating the message, also taking time to share Saudi Aramco’s strategy to help implement Vision 2030 in Houston and Boston through a series of town halls and meetings with business, financial and academic leaders.

Motiva at a pivotal time

Al-Falih kicked off his first town hall at Motiva’s downtown Houston headquarters.

“Although Motiva is out of physical sight from where I serve in Saudi Arabia, it is always present in my mind as a valued organization with great people and a best-in-class asset,” said Al-Falih.

Saudi Refining Inc. (SRI), a subsidiary of Aramco Services Company (ASC), and Shell are dissolving the 50-50 Motiva joint venture (JV) that has been in place in its current form since 2002, and dividing the assets. From 1998 to 2002, SRI played a key role in the future of Motiva, with a three-way partnership among Saudi Aramco, Shell and Texaco. Prior to 1998, SRI partnered with Texaco in a JV called Star Enterprise, starting in 1989, which gives Aramco a combined 27 years of service in the U.S. downstream sector.

When the deal closes, SRI will have sole ownership of the 600,000 barrels per day produced at Port Arthur Refinery — the largest in the U.S. — as well as 26 distribution terminals along the U.S. Gulf Coast, and an exclusive license to use the Shell brand for gas and diesel sales in several U.S. market regions. SRI will also maintain the Motiva name.

Al-Falih said the Motiva restructuring will become a platform for growth and mark a new beginning as Aramco grows its global refining footprint, almost doubling its refining capacity from over five million barrels per day (MMbpd) currently to 8-10 MMbpd over the coming decade. This growth is currently being pursued with transactions in many parts of rapidly developing Asia. 

On the sidelines of HRH Deputy Crown Prince Mohammad ibn Salman ibn ‘Abd al- ‘Aziz Al Saud’s recent visit to the United States to convey Saudi Vision 2030 and invite collaboration in its execution, HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, and Chairman of the Saudi Aramco Board of Directors, took part in disseminating the message, also taking time to share Saudi Aramco’s strategy to help implement Vision 2030 in Houston and Boston through a series of town halls and meetings with business, financial and academic leaders.

Motiva at a pivotal time

Al-Falih kicked off his first town hall at Motiva’s downtown Houston headquarters.

“Although Motiva is out of physical sight from where I serve in Saudi Arabia, it is always present in my mind as a valued organization with great people and a best-in-class asset,” said Al-Falih.

Saudi Refining Inc. (SRI), a subsidiary of Aramco Services Company (ASC), and Shell are dissolving the 50-50 Motiva joint venture (JV) that has been in place in its current form since 2002, and dividing the assets. From 1998 to 2002, SRI played a key role in the future of Motiva, with a three-way partnership among Saudi Aramco, Shell and Texaco. Prior to 1998, SRI partnered with Texaco in a JV called Star Enterprise, starting in 1989, which gives Aramco a combined 27 years of service in the U.S. downstream sector.

When the deal closes, SRI will have sole ownership of the 600,000 barrels per day produced at Port Arthur Refinery — the largest in the U.S. — as well as 26 distribution terminals along the U.S. Gulf Coast, and an exclusive license to use the Shell brand for gas and diesel sales in several U.S. market regions. SRI will also maintain the Motiva name.

Al-Falih said the Motiva restructuring will become a platform for growth and mark a new beginning as Aramco grows its global refining footprint, almost doubling its refining capacity from over five million barrels per day (MMbpd) currently to 8-10 MMbpd over the coming decade. This growth is currently being pursued with transactions in many parts of rapidly developing Asia.