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...Fide, the global chess body, has been hit by controversy after it announced that its 2022 world women’s championship and other major female events would be sponsored by the breast enlargement company Motiva...
...Valero and Motiva didn’t respond to requests for comment....
...The 630,000 barrel-a-day Port Arthur refinery — the country’s largest — was shut down until it was safe to resume operations, owner Motiva Enterprises said....
...Motiva, owned by Saudi Aramco, said its refinery “sustained minimal damage from the storm”. It will assess the site and prepare to restart as soon as it is safe....
...Governments get twitchy when they fear they could become more reliant on imported fuel and will often put pressure on companies or provide subsidies to keep refineries open....
...The affected refineries included North America’s largest, Motiva Enterprises’ 630,000 b/d plant at Port Arthur, as well as Citgo’s 425,000 b/d refinery at Lake Charles, S&P said....
...“The idea that is gaining the most traction is to target Motiva,” the largest refinery in North America, said an executive at a shale producer....
...“If I have to do tariffs on oil coming from outside or if I have to do something to protect our . . . tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever...
...Major oil and gas companies pay closer to 30 per cent....
...Last weekend it signed memorandums of understanding for a possible investment of $8bn-$10bn in chemicals operations at its Motiva refinery at Port Arthur in Texas, the largest in the US....
...Three weeks on, it is clear that the oil and gas companies have mostly been able to withstand the threat....
...Saudi Arabia-owned Motiva, which operates the largest US refinery in Port Arthur, Texas, said it was shutting down all units at the 603,000 b/d plant due to flooding, joining at least 13 other plants that...
...Motiva, operator of the biggest plant in the US, is lowering output at its 603,000 b/d Port Arthur plant, Reuters reported, while ExxonMobil’s 360,000 b/d Beaumont refinery in eastern Texas and Citgo’s 425,000...
...Shell will receive $700m in cash and the remaining $1.5bn will be deducted from the Motiva debt that the Anglo-Dutch company would otherwise have assumed....
...Among the refineries to close was the nation’s largest, Motiva in Port Arthur, Texas, where nearly four feet of rain fell....
...The Saudi-owned Motiva refinery in Port Arthur, Texas — which can process 603,000 barrels a day of crude, more than any other plant in the country — could be shut for up to two weeks due to flooding, Reuters...
...Saudi Aramco’s assets in the US, including the country’s biggest refinery Motiva, were more vulnerable to legal action, he said....
...Many companies including Valero Energy, ExxonMobil, Motiva and Royal Dutch Shell shut down operations in southern Texas, and almost one-third of US refineries have been affected by the storm....
...Aramco may also say more about opportunities for expansion in the US by Motiva, its refining subsidiary....
...Mr Nasser said that Aramco could invest more in the US after unwinding Motiva, its American joint venture with Royal Dutch Shell....
...The deal came days after Saudi Aramco agreed to pay Shell $2.2bn as part of the break-up of their Motiva US refining joint venture, meaning that the latter has raised almost a third of its $30bn disposals...
...A $1.4bn deal to withdraw from its Showa Shell refining partnership in Japan was completed last month and negotiations are continuing on the planned break-up of its Motiva refining joint-venture with Saudi...
...A further break-up is being negotiated with Saudi Aramco over their Motiva US refining JV....
...Assets in Thailand, New Zealand and the North Sea are among those up for grabs, as well as Shell’s planned exit from its Motiva refining joint venture with Saudi Aramco in the US....
...The Motiva joint venture, which is owned 50/50 by the two companies and operates three refineries and a distribution and marketing business in the US, will be broken up and the assets distributed between...
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