Sector News

Saudi Aramco denies bidding for Lyondell's Houston refinery

October 24, 2016

Saudi Arabian state oil giant Saudi Aramco denied on Sunday it had bid for the purchase of LynodellBasell Industries NV’s refinery in Houston.

Sources familiar with the matter had told Reuters on Friday that at least three firms including Aramco had bid over $1 billion for the refinery, with the Saudi firm seen as the front-runner among the bidders.

“The company did not bid for the referred venture,” an Aramco statement said.

By Maha El Dahan

Source: Reuters

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