Congrats on Port Arthur Refinery Expansion

By December 11, 2007Energy

The ceremonial groundbreaking took place yesterday in Port Arthur for the 325,000 barrel-per-day expansion of the Motiva Enterprises refinery. (Motiva is a joint venture of Shell and Saudi Aramco.) New stories:

Reuters: “PORT ARTHUR, Texas, Dec 10 (Reuters) – Shell Oil Co and Motiva Enterprises executives said on Monday what has been called the largest capital investment in Texas history is actually a smart bet on a continuing tight U.S. motor fuels market…Motiva, Shell and Saudi Refining’s 50-50 joint U.S. refining venture, plans to add 325,000 barrels per day (bpd) in refining capacity to its 275,000 bpd Port Arthur refinery on the Texas coast near the state’s border with Louisiana by September 2010.”

Beaumont Enterprise: “PORT ARTHUR – A Motiva Enterprise refinery expansion that will make it the nation’s largest facility of its kind also will inject billions into the local economy and hopefully bring down pump prices, officials said at a groundbreaking ceremony Monday.”

Houston Chronicle: “PORT ARTHUR — U.S. Energy Secretary Samuel Bodman said Monday that a $7 billion expansion of Motiva Enterprises’ Port Arthur refinery will be needed to meet the nation’s rising energy needs even if federal lawmakers pass an energy bill that curbs U.S. gasoline usage in coming years.”

Dow-Jones: “PORT ARTHUR, Texas -(Dow Jones)- U.S. Energy Secretary Samuel Bodman, addressing a crowd at Motiva Enterprises LLC’s Port Arthur refinery, said that oil refiners must expand their capacity to meet rising demand, which coupled with increased prices, has placed an “indirect” tax on families…He said that companies must respond to a “new energy reality that sees world demand increasing substantially in the next two decades.”

Leave a Reply