Riyadh-Mubasher: Saudi Aramco plans to buy more U.S. refining and chemical plants once the break-up of its joint venture with Royal Dutch Shell is complete, sources told Reuters.
They added that officials from Saudi Refining, a subsidiary of Aramco, told employees that the company plans to purchase more assets when the Motiva break-up is finished.
Aramco announced last week that it plans to break up Motiva Enterprises after almost two decades, through dividing its assets and leaving Aramco with one plant in Port Arthur, Texas.
Aramco earlier said that it plans to offer portion of its capital in an initial public offering.
