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Industry: Email Alert RSS FeedShell, Texaco and Saudi Aramco Set Up Fuels JV in Houston Area.(joint venture: Motiva Enterprises LLC)
Chemical Market Reporter, June, 1998
SHELL OIL COMPANY, Texaco Inc. and Saudi Aramco have set up a joint venture, Motiva Enterprises LLC, combining major elements of their eastern and Gulf Coast US refining and marketing businesses.
Shell will have 35 percent ownership and Texaco and Saudi Refining Inc., a corporate affiliate of Saudi Aramco, will each have 32.5 percent ownership of the company.
Motiva will be headquartered in Houston and will market motor fuels under the Texaco and Shell brands. Operations are expected to start this month. L. Wilson Berry, formerly president of Texaco Refining and Marketing Inc., will be CEO.
Last January, Shell and Texaco formed a separate joint venture, Equilon Enterprises LLC. Equilon combines the major elements of Shell's and Texaco's...
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