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FACTBOX-Motiva: How Saudi Aramco, Shell plan to divide up the assets

Screen Shot 2016-03-17 at 08.54.11Under the terms of a non-binding letter of intent, distribution terminals, retail assets, branded and commercial customer agreements will be divided by geography to ensure each partner has “an integrated and robust business,” a statement said.

Below are how the companies have split up the assets:


* 230,000 barrel-per-day Convent refinery located in St. James Parish, Louisiana;

* 235,000 bpd Norco refinery located in St. Charles Parish, Louisiana, where Shell already operates a chemicals plant;

* Nine distribution terminals;

* Retain Shell-branded markets in Florida, Louisiana and the Northeastern region.


* 600,000 bpd Port Arthur refinery located in Port Arthur, Texas, the biggest refinery in the United States;

* The Motiva name;

* 26 distribution terminals;

* Exclusive license to use the Shell brand for gasoline and diesel sales in Texas, the majority of the Mississippi Valley, the Southeast and Mid-Atlantic markets;

* Exclusive use of the Shell brand through a long-term license agreement in its area of operation.

The two companies also cooperate in the following ventures:

* Saudi Aramco Shell Refinery Co (SASREF) – a 50:50 joint venture refining enterprise at Jubail Industrial City in Saudi Arabia with a crude oil refining capacity of 305,000 bpd

* Shell and Saudi Aramco have a multi-year relationship in the Showa joint venture in Japan

* Shell recently reached an agreement to sell shares representing a 33.24 percent stake in Showa to Idemitsu Kosan. Shell will retain a 1.80 percent holding in the company after completion later this year.

(Reporting by Josephine Mason; Editing by Leslie Adler)

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