Largest US refinery Motiva may be shut up to two weeks
Motiva Enterprises' Port Arthur, Texas refinery, the nation's largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with plant operations said on Thursday.The refinery has seen better days:
The 603,000 barrel per day (bpd) Port Arthur Refinery was shut on Wednesday due to flooding from Tropical Storm Harvey.
In a statement to CNBC, Motiva said it "cannot provide a timeline for restart at this time." The oil company says it will begin assessing the refinery "as soon as the local area flooding has receded," although Motive is uncertain about how long it will take for floodwaters to diminish.
BTW, the refinery is owned by Saudi Arabia, which took full control in May.
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