(MENAFN) Saudi Aramco will spend an USD18bn in the coming five years to enhance its operations in the Americas, focusing on its oil refining unit in the U.S- Motiva Enterprises.
Additionally, Motiva is projected to be the main focus of its growth strategy throughout the Americans and is discovering chances to enhance refining capacity.
Meanwhile, Motiva became a wholly owned subsidiary of Saudi Aramco on May 1, with the split of the oil giant's 19-year tie with Royal Dutch Shell Plc.
Furthermore, Motiva also finished an expansion of the Port Arthur Refinery"s largest hydrocracking unit and diesel hydro treater, resulting in a 30 percent increase in capacity.
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