SAUDI ARABIA - Motiva Enterprises.Saudi Aramco's main market share investment is in the US, until 9/11 Riyadh's main ally, where Star Enterprise's merger with Shell, done in the first half of 1998, created the biggest downstream venture in the south and east of the American market. Motiva, based in Houston, has four refineries with a total capacity of 823,000 b/d and about 14,000 retail stations, together with storage and terminal facilities. Motiva's share of the US market was then about 8%. Having raised its stake in Motiva to 50% under an Oct. 9, 2001 deal with ChevronTexaco, with Shell holding the other half, Saudi Aramco Saudi Aramco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production. in 2003 said it expected more profitable years ahead than in 2002 in the US. A restructuring of Motiva since early 2002 began to turn it around in early 2003. This proved to be true until the Katrina and Rita hit the US Gulf Coast, which affected Motiva's 270,000 b/d Port Arthur refinery Port Arthur Refinery The first processing units were originally constructed in 1902 by The Texas Company, later Texaco. The roots of this refinery can be traced to the Spindletop oil boom near Beaumont, Texas. for a brief period from Sept. 22. Motiva's assets used to be bigger before the 1998 merger. As required by the FTC FTC See Federal Trade Commission (FTC). , the company had to sell a refinery, numerous retail stations and some oil pipeline and terminal facilities before the merger was approved. Saudi Aramco's equity is held by its Houston-based unit Saudi Refining Saudi Refining, Inc., (SRI) with headquarters in Houston, purchases and sells crude oil and maintains a significant inventory of crude oil outside the United States. SRI has an interest in a limited liability company known as Motiva Enterprises, LLC. Inc. (see background in the 1999 survey of Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. in Vol. 53).
Under the Oct. 9, 2001 deal with ChevronTexaco, Shell bought the whole of Equilon. Thus it became the largest gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by retailer in the US, with a 14.4% share of this market. To compare, the biggest energy company in the US, ExxonMobil, has a 12% share of the American market which is equal to that of BP. Chevron now is the second largest US energy company next to ExxonMobil but its share of the American gasoline market is much smaller than those of BP and ExxonMobil. Equilon and Motiva had exclusive rights to use the Texaco brand for US gasoline sales until July 1, 2004. The two hold non-exclusive rights to the brand until June 30, 2006. In July 2006 Chevron will assume exclusive rights to the Texaco brand in the US (see background in Vol. 61, OMT (Object Modeling Technique) An object-oriented analysis and design method developed by James Rumbaugh. See Rational Rose. OMT - Object Modelling Technique 16). |
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