Energy

Saudi Aramco Touts $3.4 Billion US Refinery Plan During Trump Visit

The Motiva refinery in Port Arthur, Texas.
Photographer: Luke Sharrett/Bloomberg

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By Anthony Di Paola and Verity Ratcliffe

May 13, 2025 at 1:38 PM UTC

Saudi Aramco plans to spend $3.4 billion on its Motiva refinery in Texas, the largest fuelmaking plant in the US.

The Saudi oil giant announced the project soon after Donald Trump arrived in Riyadh on his first scheduled trip abroad since returning to power. The American president, who’ll also visit Qatar and the United Arab Emirates, wants the energy-rich Gulf states to ramp up investments in the US and buy more of its goods.