Saudi Arabia’s Trillion Dollar Gamble Could Be A Bust

Back in March, Saudi Aramco split from Royal Dutch Shell in a
$2.2 billion breakup, leaving the Saudi Arabian government as the
sole owner of the largest US oil refinery. Port Arthur, Texas’
Motiva Enterprises LLC could be just the beginning of a Saudi
conquest of US oil as Aramco’s IPO–the largest in history–quickly
approaches. Saudi Aramco’s efforts to expand downstream investment
and international joint ventures are not news, but the latest
developments are a marked acceleration of the company’s aggressive
strategy…

Back in March, Saudi Aramco split from Royal Dutch Shell in a
$2.2 billion breakup, leaving the Saudi Arabian government as the
sole owner of the largest US oil refinery. Port Arthur, Texas’
Motiva Enterprises LLC could be just the beginning of a Saudi
conquest of US oil as Aramco’s IPO–the largest in history–quickly
approaches. Saudi Aramco’s efforts to expand downstream investment
and international joint ventures are not news, but the latest
developments are a marked acceleration of the company’s aggressive
strategy…