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US States Tankers and Gas Mergers and Acquisitions

Aramco unit to purchase first chemical plant in the US

Motiva, a subsidiary of the Saudi national oil company, enters into a deal with Flint Hills to acquire a petrochemical plant at Port Arthur. The Aramco unit owns and operates a refinery at the same port, the largest of its kind in the US

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The acquisition of the plant announced by Motiva adds to Aramco’s recent buys in the petrochemical sector

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