US shale may be Saudi’s key rival for global oil dominance, but Saudi Aramco plans for $6.6bn of Texas investment, while Sabic is advancing rival $7.3bn plans.

 

Saudi Aramco’s wholly-owned Motiva US refining and marketing subsidiary is considering $6.625bn of investment at its 635,000 b/d Port Arthur refinery in Texas.

According to documents filed with the Texas Comptroller of Public Accounts on 17 December, Motiva “is evaluating the possible development, design...